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What: Shares of DG FastChannel
So what: Revenue was up 18% to $56.9 million and earnings were $9.9 million, or $0.34 per diluted share. Both results beat Wall Street estimates by a wide margin, continuing positive earnings surprises of the past three quarters.
Now what: High-definition revenues grew by 59% as marketers and advertisers increased demand for HD products. DG FastChannel is also working on direct response technology, which the company has high hopes for. The positive momentum and earnings surprise leaves this Fool seeing great earnings momentum going forward and I'm hopping aboard the high-def DG FastChannel bandwagon.
Interested in more info on DG FastChannel? Add it to your watchlist by clicking here.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his Motley Fool CAPS picks at TMFFlushDraw.
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