Tremor Video Shares Jump 8% Following Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/TRMR'>Tremor Video (NASDAQ:TRMR)</a> shares surged more than 8% yesterday after the company reported its Q1 earnings results, with EPS of ($0.03) coming in better than the Street estimate of ($0.05). Revenue was $71.74 million, beating the Street estimate of $66.49 million.</p>
<p>Management noted an improved Q2 environment and cautious optimism for the year. That said, guidance was maintained, with management now also expecting 90% of fiscal 2023 revenue to be programmatic. </p>
<p>According to the analysts at RBC Capital, the heavy lifting is done with the Amobee integration as H2 performance will be driven by sales force execution and CTV momentum.</p>

NASDAQ:TRMR