Integral Ad Science Holding Corp Down 7.72% To $9.09 After Earnings Miss

Integral Ad Science Holding Corp (IAS) said after close Thursday that it earned $0.01 per share in quarter two 2022.

On the revenue line, the company reported $100.3 million, beating estimates by $2.5 million.

In the same quarter a year ago, the company lost $0.26 per share on revenue of $75.1 million.

The stock is down 7.72% to $9.09 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Integral Ad Science Holding Corp a Bullish Sentiment Rank from InvestorsObserver.

Integral Ad Science Holding Corp has performed a little below average during the past few months. Before the report, Integral Ad Science Holding Corp received a Long-Term Technical Rank by InvestorsObserver of 28, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $8.72 on July 25, 2022 and set a 52-week high on November 11, 2021 at $29.68.

Integral Ad Science Holding Corp is a digital advertising verification company. Its cloud-based technology platform delivers independent measurement and verification of digital advertising across all devices, channels, and formats, including desktop, mobile, connected TV, social, display, and video. Geographically, it derives a majority of revenue from the Americas region.