Magnite reported second-quarter earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.15 per share by 73.33%. Revenue came in at $189.6 million, surpassing the consensus estimate of $178.4 million by 6.28% and up from $161.96 million a year ago. The company has now topped consensus EPS estimates twice in the past four quarters and revenue estimates three times. Magnite shares have gained about 28.5% year-to-date, outperforming the S&P 500's 13% rise. The current Zacks Rank for the stock is #3 (Hold), with consensus estimates for the coming quarter at $0.16 per share on $186.2 million in revenue and for the full fiscal year at $0.95 per share on $745.6 million in revenue.
Magnite IncQ2 earnings and revenue beat estimates
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