Actionable news
All posts from Actionable news
Actionable news in RUBI: THE RUBICON PROJECT Inc,

Rubicon Project's 1Q tops Street views, outlook sinks stock

LOS ANGELES (AP) -- The Rubicon Project Inc.'s digital advertising service delivered a first-quarter performance that exceeded analysts' projections, but it wasn't enough to embolden management to brighten its sales outlook for the remainder of the year.

The cautious forecast released Tuesday disappointed investors, causing Rubicon Project's stock to sink nearly 7 percent in extended trading.

Rubicon Project earned $2.3 million, or 5 cents per share, during the first three months of the year, reversing from a loss of $5 million, or 14 cents per...