RUM Q2 Loss Widens, Revenue Rises; Q3 Revenue Guidance Set
MT Newswires Live
Aug 11
RUM (RUM) reported a Q2 loss late Monday of $0.28 per diluted share, widening from a loss of $0.12 a year earlier.
Two analysts polled by FactSet expected a loss of $0.09.
Revenue for the quarter ended June 30 rose to $40.4 million from $25.1 million a year earlier.
Two analysts expected $31.2 million.
The company expects Q3 revenue of $87 million to $93 million. Two analysts expect $65.2 million.
Shares of RUM fell 1% in after-hours activity.
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