🟢 MNTN is trading 5% up today after profitable Q2 results and $100 million buyback

MNTN is trading 5% up at $10.97 after its August 4 earnings release showed Q2 revenue of $82.5 million, positive net income, expanding margins, and a newly authorized $100 million buyback.

• Full-year revenue guidance remained $347 million–$357 million; Q3 guidance is $86 million–$89 million.
• Gains followed 5.46% on August 4 and 3.78% on August 5.
• On August 6, MNTN outperformed as major indexes fell, indicating a company-specific, not primarily market-driven, rally.