REDWOOD CITY, Calif. (AP) — REDWOOD CITY, Calif. (AP) — Liftoff Mobile Inc. (LFTO) on Wednesday reported a loss of $4.2 million in its second quarter.
On a per-share basis, the Redwood City, California-based company said it had a loss of 3 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 52 cents per share.
The mobile advertising and marketing company posted revenue of $219.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $208 million.
For the current quarter ending in September, Liftoff said it expects revenue in the range of $217 million to $222 million.
The company expects full-year revenue in the range of $870 million to $880 million.
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