NEW YORK (TheStreet) -- Shares of The Rubicon Project , an advertising technology provider, surged 11.74% to $19.98 in late morning trading today, extending gains from after-hours yesterday when the company reported fourth quarter results that topped analysts' estimates. The Los Angeles-based company reported fourth quarter earning of 25 cents on revenue of $41.83 million, well above the average of analysts' estimates that had expected earnings of just 3 cents and revenue of $39.43 million, according to Reuters. For the full year 2015 outlook the company expects approximately a 40% revenue growth, year-over-year. Exclusive Report: Jim Cramer's Best Stocks for 2015 "Our solid execution, innovative culture, and differentiated value proposition drove the 49% year-over-year revenue growth we attained in 2014," CEO Frank Addante said. "We look forward to a strong 2015 and will continue to invest in the people and technology shaping the future of the growing $200 billion advertising market," he added. The Rubicon Project is a technology company that focuses on automating the buying and selling of advertising. The company's Advertising Automation Cloud is a scalable software platform that powers and optimizes a marketplace for the real-time trading of digital advertising between buyers and sellers. The stock is trading on heavy volume today with more than 1.51 million shares changing hands by 11:41 a.m. today, compared to the average of 301,500. RUBI data by YCharts
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