Magnite Earnings Match Estimates, Shares Down 5.1% YTD

Magnite (MGNI) Q3 earnings of $0.2 per share match estimates. Revenues of $166.78 million surpass the Zacks Consensus Estimate by 2.33%. The stock has underperformed the market so far this year. The Zacks Rank is #3 (Hold), indicating expected in-line performance with the market in the near future.