05:49 PM EDT, 05/07/2024 (MT Newswires) -- DoubleVerify Holdings ( DV ) reported Q1 net income late Tuesday of $0.04 per diluted share, down from $0.07 a year earlier.

Analysts polled by Capital IQ expected $0.02.

Revenue for the quarter ended March 31 was $140.8 million, up from $122.6 million a year earlier.

Analysts surveyed by Capital IQ expected $138.2 million.

The company said it expects Q2 revenue of $152 million to $156 million. Analysts polled by Capital IQ expect $158.4 million.

DoubleVerify ( DV ) said it is decreasing full-year 2024 revenue estimates in the range of $663 million to $675 million from an earlier outlook of $688 million to $704 million. Analysts polled by Capital IQ expect $695.9 million.

The company shares were down more than 36% in after-hours activity.

Price: 19.50, Change: -11.07, Percent Change: -36.22