NEW YORK (TheStreet) -- Shares of Rocket Fuel Inc. (FUEL) are higher by 17.07% to $19 in pre-market trading on Thursday, after the company announced its 2014 third quarter adjusted net loss was $6.6 million, or a loss of 18 cents per share, which came in lower than the loss of 30 cents per share analysts were expecting.
The technology company, which develops artificial intelligence and big data-driven predictive modeling and automated decision making platforms, said revenue for the most recent quarter grew by 63% to $102.1 million, over the 2013 third quarter.
Analysts were expecting $98.67 million for the quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Rocket Fuel issued a higher than anticipated revenue guidance range for the 2014 fourth quarter. The company is expecting revenue to be between $140 million and $165 million.
Analysts polled by Thomson Reuters are expecting $140 million.FUEL data by YCharts