Tremor Video’s Shares Plunge 26% on Q3 Miss & Guidance Cut
<p><a href='https://financialmodelingprep.com/financial-summary/TRMR'>Tremor Video (NASDAQ:TRMR)</a> shares plummeted more than 26% on Monday after the company reported its Q3 results, with EPS of $0.11 coming in worse than the Street estimate of $0.28. Revenue was $70.9 million, missing the Street estimate of $71.77 million.</p>
<p>Key highlights were the completion of the acquisition of Amobee, expanded investment in VIDAA and strong CTV spend.  Taking a cautious approach to guidance, management lowered both the 2022 and 2023 guides though early evidence from September into Q4 indicates a stabilizing and possibly improving the environment. </p>
<p>Fiscal 2022 revenue/adjusted EBITDA guidance was lowered to $310 million/140 million, compared to the Street estimates of $328.4 million/$158 million. </p>

NASDAQ:TRMR