Criteo (CRTO) stock cratered after the digital ad service provider reported earnings early Tuesday that fell short of consensus views, following reports that Apple (AAPL) plans to allow ad blocking on iPhones for the first time. Criteo stock was down nearly 12% in afternoon trading in the stock market today, at a three-month low near 45.50. The company early Tuesday beat on Q2 revenue and gave a higher-than-consensus sales outlook for Q3, but the
Criteo (CRTO), the fast-growing digital ad services provider, could “modestly beat” analyst expectations when it reports Q2 earnings early Tuesday as the Paris-based company continues its global growth, says a new analyst report. Still, new ad-blocking features expected as part of the Apple (AAPL) iOS 9 release in September have already “pressured the stock” and could be a sore point in Q2, wrote Cowen and Co. analyst Thomas Champion in an
Stocks went for a wild ride this past week, with a swath of earnings reports from big names. But the roller coaster of Q2 results isn’t slowing down just yet. Ten top-rated IBD 50 stocks are all geared up to issue their quarterly performances: Allergan (AGN), Regeneron Pharmaceuticals (REGN), Jazz Pharmaceuticals (JAZZ), Monster Beverage (MNST), Gray Television (GTN), Paycom Software (PAYC), Criteo (CRTO), Epam Systems (EPAM), AMC Networks (AMCX),