Skip to main content

Magnite: Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Magnite, Inc. (MGNI) on Wednesday reported earnings of $4.4 million in its first quarter.

The New York-based company said it had profit of 3 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 13 cents per share.

The digital ad exchange operator posted revenue of $164.4 million in the period. Its adjusted revenue was $160.9 million.

For the current quarter ending in June, Magnite said it expects revenue in the range of $177 million to $181 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGNI at https://www.zacks.com/ap/MGNI

Northeast, Mid-Atlantic under tornadoes and flood risk as wildfire smoke lingers

▶ Watch Video: Canadian wildfire smoke blankets parts of U.S. as Texas floods turn deadly More than 50 million people in the Northeast and Mid-Atlantic are at risk for severe weather this weekend while Canadian wildfire smoke continues to impact air quality.A severe weather threat is in effect from the Ohio Valley through the Mid-Atlantic and Northeast. Residents of towns and cities including New York City, Washington, D.C., Philadelphia, Pittsburgh and Cleveland could see damaging winds, large hail, isolated tornadoes and flash flooding.A severe thunderstorm watch is in effect over Chicago, Ithaca, Cleveland and Pittsburgh. Philadelphia and D.C. are under a tornado watch until 9:00 p.m. local time with EF-2 tornadoes possible. A severe thunderstorm and tornado watch are in effect over parts of Northeast and Mid-Atlantic. CBS News/ Andrew Kozak
Read Next Story

Related News

Northeast, Mid-Atlantic under tornadoes and flood risk as wildfire smoke lingers

Fútbol y emociones: los argentinos ponen a prueba a sus terapeutas con las remontadas de la Selección en el Mundial

This week on ‘Sunday Morning’ (July 19)