The Rubicon Project: 2Q Earnings Snapshot

The Rubicon Project: 2Q Earnings Snapshot

Associated Press
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LOS ANGELES (AP) _ The Rubicon Project Inc. (RUBI) on Wednesday reported a loss of $18 million in its second quarter.

The Los Angeles-based company said it had a loss of 36 cents per share. Losses, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 27 cents per share.

The digital ad exchange operator posted revenue of $28.6 million in the period.

In the final minutes of trading on Wednesday, the company's shares hit $2.78. A year ago, they were trading at $4.83.

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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 RUBI at https://www.zacks.com/ap/RUBI

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