Why Is LiveRamp (RAMP) Stock Rocketing Higher Today

Core Insights - LiveRamp's shares increased by 8.3% following the release of strong third-quarter financial results that exceeded analyst expectations and an upward revision of its full-year revenue forecast [1] - The company's total revenue for the quarter rose by 7.7% year-over-year to $199.8 million, surpassing Wall Street projections [1] - LiveRamp reported an adjusted earnings per share of $0.55, which was 13.6% higher than analysts had anticipated [1] - The full-year revenue guidance was slightly raised to a midpoint of $811 million from a previous $808 million, indicating confidence in future performance [1] Financial Performance - Total revenue for the third quarter was $199.8 million, reflecting a year-over-year growth of 7.7% [1] - Adjusted earnings per share reached $0.55, exceeding analyst expectations by 13.6% [1] - The full-year revenue forecast was increased to $811 million, up from $808 million [1] Market Reaction - LiveRamp's stock has shown volatility, with 11 moves greater than 5% over the past year, indicating that the market views the recent news as significant but not fundamentally altering its perception of the company [3] - The stock is currently down 2.6% year-to-date and is trading 17.2% below its 52-week high of $35.61 [5]