NEW YORK (TheStreet) -- Shares of Millennial Media (MM) were gaining 6.4% to $1.74 after-hours Monday after the mobile advertising company beat analysts' estimates for earnings and revenue in the fourth quarter.

Millennial Media reported a loss of 2 cents a share for the fourth quarter, beating analysts' estimates of a loss of 7 cents a share for the quarter. Revenue fell 10.6% year over year to $86.4 million for the quarter, above analysts' estimates of $73.27 million.

The company said it expects revenue of $55 million to $58 million for the first quarter, below analysts' estimates of $66 million for the quarter. Millennial media expects revenue of $311 million to $342 million for full year 2015, compared to analysts' estimates of $321.2 million for the year.

CEO Michael Barrett said, "Millennial Media ended 2014 on a high note. We successfully completed our acquisition of Nexage, added several key management personnel, and exceeded our fourth quarter revenue expectation."

TheStreet Ratings team rates MILLENNIAL MEDIA INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate MILLENNIAL MEDIA INC (MM) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."

You can view the full analysis from the report here: MM Ratings Report

MM data by YCharts

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