Shares in digital ad company Viant Technology (Nasdaq: DSP) in Irvine shot up 29% today after the company reported second-quarter earnings that beat analysts’ estimates.
The stock closed at $5.89 apiece for a market cap of $366 million.
Viant on Monday said adjusted earnings per share were 6 cents in the second quarter, easily beating Zacks Consensus Estimate of 1 cent per share.
Quarterly revenue was $57.2 million, almost 2% above the Zacks estimate.
For the current quarter, Viant projects revenue of between $56 million and $59 million, up from $49 million in the same period of last year.