05:02 AM EDT, 05/29/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Digital Turbine ( APPS ) shares traded over 6% lower in premarket activity on Wednesday after the company reported a drop in fiscal Q4 earnings and net sales.

The company reported fiscal Q4 Non-GAAP adjusted earnings late Tuesday of $0.12 per share, down from $0.14 a year ago.

Analysts polled by Capital IQ expected $0.08.

Net revenue for the quarter ended March 31 was $112.2 million, down from $140.1 million a year earlier.

Analysts surveyed by Capital IQ expected $117.7 million.

The company expects fiscal 2025 revenue of $540 million to $560 million. Analysts polled by Capital IQ expect $553.2 million.

Price: 2.1000, Change: -0.14, Percent Change: -6.25