By Elias Schisgall
Shares of DoubleVerify rose after the company's board approved a $300 million stock buyback program, despite a fourth-quarter report that fell short of Wall Street's expectations.
Shares were up 9% to $10.40 in Friday afternoon trading. The stock has fallen 52% in the past 12 months.
The media technology company on Thursday recorded a profit of $29.3 million, or 18 cents a share, compared with a profit of $23.4 million, or 14 cents a share, a year earlier.
Stripping out certain one-time items, the company posted earnings of 31 cents a share.
Analysts surveyed by FactSet were expecting reported earnings of 16 cents a share and adjusted earnings 32 cents a share.
Revenue grew 8% to $205.6 million. Analysts were expecting $208.8 million in revenue.
For the current first quarter, the company is expecting revenue between $177 million and $183 million, representing 9% growth at the midpoint.
It is projecting full-year revenue between $810 million and $826 million, representing growth between 8% and 10%.
The company said the new $300 million buyback program replaces the company's previous authorization, announced in November 2024.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
February 27, 2026 14:44 ET (19:44 GMT)
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