Why TubeMogul (TUBE) Stock Hit an All-Time High Today

NEW YORK ( TheStreet) --  TubeMogul  ( TUBE) soared to an all-time high of $14.12 on Wednesday after the software company reported second-quarter earnings and issued guidance that soundly beat analysts' expectations.

TubeMogul reported a net gain attributable to common stockholders of a penny per diluted share, up from a loss 39 cents a share in the year-ago quarter. 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.

The company 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 42.62% to $13.15 at 11:23 a.m. More than 4.5 million shares had changed hands, which eclipsed the average volume of 254,211.

TUBE Chart TUBE data by YCharts

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