In addition to missing Q1 revenue estimates (while beating on EPS), Rocket Fuel (FUEL) expects Q2 revenue of $88M-$92M, well below a $101.8M consensus.
The online ad platform owner is reiterating full-year guidance for revenue of $420M-$435M (consensus is at $432.8M), but investors seem to have their doubts. It predicts new sales hires and product launches will give a boost to 2H growth.
Q1 adjusted EBITDA was -$3.7M, above guidance of -$7.5M to -$9M. Q2 adjusted EBITDA is expected to be in a range of -$4.5M to -$6M; the full-year outlook remains at $3M-$6M.
Q1 results, PR