U.S. Markets open in 8 mins

The Rubicon Project reports 4Q loss

LOS ANGELES (AP) _ The Rubicon Project Inc. (RUBI) on Tuesday reported a fourth-quarter loss of $21.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Los Angeles-based company said it had a loss of 44 cents. Earnings, adjusted for one-time gains and costs, were 37 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The digital ad exchange operator posted revenue of $72.7 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $63.6 million.

For the year, the company reported a loss of $18.1 million, or 39 cents per share, swinging to a loss in the period. Revenue was reported as $278.2 million.

For the current quarter ending in April, The Rubicon Project expects its results to range from a loss of 26 cents per share to a loss of 22 cents per share.

The company said it expects revenue in the range of $41 million to $45 million for the fiscal first quarter.

The Rubicon Project shares have risen 13 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.39, a fall of 52 percent in the last 12 months.

_____

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

_____

Keywords: The Rubicon Project, Earnings Report