By Dean Seal
Criteo's American depositary receipts jumped after the company recorded higher fourth-quarter earnings and revenue than Wall Street had expected.
The stock was up 19% at $45.61 in premarket trading. Shares were trading at around $26 this time a year ago.
The commerce media company posted a profit of $71.1 million, or $1.23 a share, compared with $61 million, or $1.02 a share, in the same quarter a year ago.
Stripping out one-time items, adjusted earnings were $1.75 a share. Analysts surveyed by FactSet had been expecting $1.35 a share.
Revenue slipped 2% to $553 million, handily topping analyst forecasts for $329 million, according to FactSet.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 05, 2025 08:06 ET (13:06 GMT)
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