TubeMogul Up 30% On Strong Q2 Results, Q3 Outlook

TubeMogul TUBE are up more than 30 percent following second-quarter revenue growth of 127 percent and its third-quarter outlook beating expectations.

The company, which provides software for managing online video advertising, forecast third-quarter revenue of $20 million to $22 million, versus Wall Street's view of $18.9 million.

TubeMogul swung to profitability in the second quarter, posting earnings of $2.2 million or $0.01 per share, from a year-earlier loss of $2.6 million or $0.39 per share. Revenue grew to $28.7 million, from $12.6 million last year.

Analysts expected a loss of $0.15 per share, on revenue of $24.7 million.

TubeMogul traded recently at $12.15, up 31.7 percent in the pre-market session.