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Why Shares of Criteo Jumped Today

TheMotleyFool

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Shares of Criteo (NASDAQ: CRTO) rose on Thursday despite the advertising technology company warning about the impact of the novel coronavirus pandemic on its business. The stock was up about 18.9% at 12:30 p.m. EDT.

Like many companies, Criteo has withdrawn its guidance for fiscal 2020 due to the uncertainty surrounding the pandemic. For the first quarter, the company expects to miss its guidance for revenue excluding traffic acquisition costs due to the pandemic's impact on its clients, particularly in the travel vertical.

Image source: Getty Images.

Source Fool.com

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