LOS ANGELES (AP) _ The Rubicon Project Inc. (RUBI) on Wednesday reported a loss of $18 million in its second quarter.
The Los Angeles-based company said it had a loss of 36 cents per share. Losses, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 27 cents per share.
The digital ad exchange operator posted revenue of $28.6 million in the period.
In the final minutes of trading on Wednesday, the company”s shares hit $2.78. A year ago, they were trading at $4.83.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RUBI at https://www.zacks.com/ap/RUBI