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Will Rocket Fuel (FUEL) Stock Advance on Q1 Beat?

NEW YORK (TheStreet) -- Shares of Rocket Fuel (FUEL - Get Report) are down by 1.47% to $2.65 on heavy trading volume on Wednesday afternoon, even though the Redwood City, CA-based company posted better-than-expected results for the 2016 first quarter.

After yesterday's closing bell, the advertising technology company reported a net loss of 28 cents per diluted share, narrower than the loss of 53 cents per share analysts had expected.

Revenue for the period was $104.7 million, higher than Wall Street's forecasts of $94.2 million.

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