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Why Digital Turbine Stock Plummeted 38.3% in November

·2 min read
Why Digital Turbine Stock Plummeted 38.3% in November
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Shares of Digital Turbine (NASDAQ: APPS) sank 38.3% in November, according to data from S&P Global Market Intelligence. Digital Turbine published its Q2 results on Nov. 2, delivering sales and earnings for the period that came in ahead of the average analyst estimates. Digital Turbine posted non-GAAP (adjusted) earnings per share of $0.44 on revenue of $310.2, while the average analyst estimate had called for adjusted per-share earnings of $0.39 on revenue of $306.5 million.