NEW YORK (TheStreet) -- Shares of Rubicon
(RUBI) are surging 24.95% to $12.77 today after the advertising company reported better than expected results in its first full quarter as a public company, or the fiscal second quarter.
For the full year, Rubicon Project now expects revenue of $117 million to $119 million, compared with its May estimate of $111 million to $114 million.
The company announced full year earnings per share guidance with a forecast range between a loss of -41 cents to -34 cents for the period, compared to the Thomson Reuters consensus estimate of -52 cents per share.
Must read: Warren Buffett's 25 Favorite Stocks
Revenue was up 49% to $28.3 million for the fiscal second quarter, ahead of its May guidance for sales of $24.5 million to $25.5 million.However, the company's net loss widened in the fiscal second quarter to $9.4 million from $3.2 million a year earlier, due to increased general expenses in sales and marketing.
For the third quarter, Rubicon forecasts earnings of -20 cents per share to -17 cents per share.
RUBI data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts