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Why Tremor International Stock Fell Sharply Monday

TheMotleyFool

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Why Tremor International Stock Fell Sharply Monday: https://g.foolcdn.com/editorial/images/709350/why-trmr-stock-is-down.jpg

Shares of advertising technology company Tremor International (NASDAQ: TRMR) took a hit on Monday. The stock slid as much as 26.4% and was down about 25% as of 1:50 p.m. ET.

The tech stock's decline follows Tremor's third-quarter earnings report, which was released Monday morning. Investors may be disappointed in the company's double-digit revenue decline for the period.

Tremor reported third-quarter revenue of $70.9 million, down 19% year over year. This marked a significantly worse decline than the 7% year-over-year decrease it saw in its revenue in Q2.

Source Fool.com

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