Criteo S.A. (NASDAQ:CRTO) reported upbeat earnings for the first quarter on Friday.
The company posted quarterly earnings of $1.10 per share which beat the analyst consensus estimate of $0.77 per share. The company reported quarterly sales of $264.00 million which beat the analyst consensus estimate of $259.14 million.
“Our results this quarter demonstrate strong execution and a solid foundation to build on,” said Michael Komasinski, Chief Executive Officer of Criteo. “Criteo sits at the center of commerce and media, a powerful combination. I’m excited about our opportunities ahead and confident in our ability to deliver long-term value for our shareholders.”
Criteo said it sees second-quarter sales of $272 million to $278 million versus estimates of $276.01 million. The company also expects adjusted EBITDA of $60 million to $66 million for the quarter.
Criteo shares dipped 6.7% to trade at $27.51 on Monday.
These analysts made changes to their price targets on Criteo following earnings announcement.
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