Q2 Holdings Trading Up 12.9% Following Strong Earnings (QTWO)
Q2 Holdings (NASDAQ:QTWO) shares were up 12.9% during mid-day trading on Friday after the company announced better than expected quarterly earnings, Analyst RN reports. The company traded as high as $14.89 and last traded at $14.66, with a volume of 287,292 shares. The stock had previously closed at $12.99.
The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.04. The company had revenue of $19.20 million for the quarter, compared to the consensus estimate of $18.09 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 37.1% on a year-over-year basis.
The stock’s 50-day moving average is $13.98 and its 200-day moving average is $13.73. The company’s market cap is $517.6 million.
Q2 Holdings, Inc (NASDAQ:QTWO) is a provider of secure, cloud-based virtual banking solutions.
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