Why TubeMogul (TUBE) Stock Is Soaring in After-Hours Trading Today

NEW YORK (TheStreet) -- TubeMogul  (TUBE) shares soared in after-hours trading Tuesday after the software company reported second-quarter earnings and issued guidance that handily beat analysts' expectations.

The company reported a net gain attributable to common stockholders of a penny per diluted share, up from a loss 39 cents a share in the same period one year earlier. Revenue rose year-over-year to $28.72 million from $12.64 million. The consensus estimate called for a loss of 15 cents a share on revenue of $24.7 million.

TubeMogul expects third-quarter revenue in the range of $20 million to $22 million and full-year revenue in the range of $98 million to $102 million. Analysts expect third-quarter and full-year revenue of $18.94 million and $91.71 million, respectively.

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The stock was up 24.73% to $11.50 at 4:46 p.m.

TUBE Chart TUBE data by YCharts

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