(CercleFinance.com) – French online advertising specialist Criteo is expected to rise on Wall Street on Wednesday following the publication of quarterly results that beat expectations.
The group, now based in New York, reported for its second quarter performance described as ‘solid’ and notably marked by a turnover of 495 million dollars, down 10% year on year. other.
Revenue net of print purchase cost (excluding APR) was $215 million, slightly below the consensus target of $219 million.
But its adjusted earnings per share, excluding exceptional items, stood at 58 cents, while analysts were aiming for EPS of 43 cents on average.
For the third quarter, Criteo says it is targeting non-TAC revenue of $223 million to $229 million, representing growth of 12% to 15% year-over-year at constant currencies.
In its press release, the company specifies that this objective takes into account the acquisition of Iponweb, a specialist in the purchase of spaces in real time, which has just been completed for an amount of 250 million dollars.
In pre-market quotations, the title listed on the Nasdaq gained more than 3%. At Tuesday night’s closing price, the stock was down 35% since the start of the year.
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