DoubleVerify Holdings, Inc. Q1 Profit Retreats, but beats estimates

DoubleVerify Holdings, Inc. (DV) released earnings for first quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $4.58 million, or $0.03 per share. This compares with $5.64 million, or $0.04 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 43.1% to $96.72 million from $67.59 million last year.

DoubleVerify Holdings, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $4.58 Mln. vs. $5.64 Mln. last year.
-EPS (Q1): $0.03 vs. $0.04 last year.
-Analyst Estimates: $0.02
-Revenue (Q1): $96.72 Mln vs. $67.59 Mln last year.

Next quarter revenue guidance: $101 to $103 Mln
Full year revenue guidance: $439 to $445 Mln

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