Quinstreet, Inc (QNST) Tops Q2 EPS by 1c, Slight Beat on Revenues
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Quinstreet, Inc (NASDAQ: QNST) reported Q2 EPS of $0.12, $0.01 better than the analyst estimate of $0.11. Revenue for the quarter came in at $104.1 million versus the consensus estimate of $103.99 million.
- Reports revenue growth of 19%
- Grows adjusted EBITDA 42%
- Grows adjusted net income 76%
- Delivers record fiscal Q2 revenue
“We saw strong demand for our performance marketplace solutions in Fiscal Q2,” commented Doug Valenti, QuinStreet CEO. “We continued to make good progress on the product, media and diversification initiatives that have been driving our business momentum. QuinStreet serves large client markets where we are delivering increasingly measurable and attractive marketing results due to our superior technologies and strong networks. This is a big long-term opportunity, and we believe that we are still early in our penetration of it.”
“We continue to expect full fiscal year 2019 revenue to grow in the 15-20% range cited last quarter, and full fiscal year 2019 adjusted EBITDA to expand to about 10% of revenue,” concluded Valenti.
For earnings history and earnings-related data on Quinstreet, Inc (QNST) click here.
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