Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Criteo SA (NASDAQ: CRTO ) fell more than 10% early Tuesday after the performance display specialist released first-quarter results.
So what: Quarterly revenue increased 60.8% to $212.49 million, which translated to adjusted net income that more than tripled to $10.59 million. Revenue excluding traffic acquisition costs -- which management states is a "key measure" they use to evaluate operating performance and provide useful period-to-period comparisons for their core business -- grew 68.2% to $87.37 million.
Criteo also said it expects that second-quarter revenue -- excluding traffic acquisition costs -- should arrive in a range between $85.69 million and $88.48 million, the midpoint of which represents relatively flat sequential growth.
Now what: In the end, though, we're talking about a barely profitable $1.6 billion company with a history of stubbornly high short interest, and I still think investors need assurance that Criteo's past torrid rates of top- and bottom-line growth are sustainable over the long term. For now, that's why I'm perfectly happy remaining on the sidelines.
6 more stock picks poised for incredible growth
In the meantime, there are plenty of other fast-growing stocks out there for patient investors. To be sure, consider Motley Fool co-founder David Gardner, who has proved skeptics wrong time, and time, and time again with stock returns like 926%, 2,239%, and 4,371%. In fact, just recently one of his favorite stocks became a 100-bagger. And he's ready to do it again. You can uncover his scientific approach to crushing the market and his carefully chosen six picks for ultimate growth instantly, because he's making this premium report free for you today. Click here now for access.