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Digital Turbine: Fiscal 3Q Earnings Snapshot

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AUSTIN, Texas (AP) _ Digital Turbine Inc. (APPS) on Wednesday reported fiscal third-quarter profit of $14.5 million.

The Austin, Texas-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to 21 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The mobile software company posted revenue of $88.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $75.1 million.

Digital Turbine expects full-year earnings to be 67 cents per share, with revenue in the range of $298 million to $300 million.

Digital Turbine shares have climbed 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.44, climbing ninefold in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APPS at https://www.zacks.com/ap/APPS