iSentia shares are on a tear

Treasurer Scott Morrison and an iSentia microphone in Canberra. Stefan Postles/Getty Images

Shares in iSentia surged after the media monitoring company confirmed profit forecasts.

A short time ago, the shares were up 13.7% to $1.66 but still a long way from $2.89 at the start of the year.

In a presentation to Macquarie Australia Conference, iSnetia CEO John Croll confirmed revenue for 2017 is tracking to the consensus estimate of $162 million.

Underlying EBITDA (earnings before interest, tax, depreciation and amortisation) is also running to consensus estimates of $44 million.

iSentia shares have been under pressure since February after a profit warning on the company’s content marketing unit.

The company posted a 6.8% rise in half year profit to $10.268 million.

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