NEW YORK (TheStreet) -- YuMe (YUME) stock is tumbling in post-market trading after the digital advertising platform recorded quarterly net losses wider than analysts expected and as management guided for below-consensus revenue in its second quarter.
After the bell, shares dropped 7.9% to $5.95.
In its first quarter ended March, the company reported a net loss of 16 cents a share, a penny wider than analysts surveyed by Thomson Reuters expected. However, revenue of $37.29 million was 40.1% higher year over year and exceeded estimates of $35.36 million.
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