What Happened:

Shares of advertising data platform LiveRamp (NYSE:RAMP) jumped 8.86% in the morning session after the company reported a "beat and raise" quarter. Second quarter revenue came in ahead of Wall Street's expectations, driven by outperformance in its marketplace segment, which benefitted from a "stronger-than-expected digital advertising environment." Profitability metrics also came in strong as LiveRamp recorded a rare quarter of positive GAAP operating income. Earnings per share also beat. 

On the other hand, customer growth slowed. Looking ahead, full-year revenue guidance came in higher than Wall Street's estimates and was lifted. Overall, it was a stronger quarter for the company.

Is now the time to buy LiveRamp? Access our full analysis report here, it's free.

What is the market telling us:

LiveRamp's shares are quite volatile and over the last year have had 13 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful but not something that would fundamentally change its perception of the business.

LiveRamp is up 29.3% since the beginning of the year. Investors who bought $1,000 worth of LiveRamp's shares 5 years ago would now be looking at an investment worth $692.10.

Do you want to know what moves the stocks you care about? Add them to your StockStory watchlist and every time a stock we cover moves more than 5%, we provide you with a timely explanation straight to your inbox. It's free and will only take you a second.