QuinStreet, Inc. (QNST) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS
QuinStreet, Inc. (NASDAQ:QNST) issued its quarterly earnings data on Monday. The technology company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03, Bloomberg Earnings reports. The business had revenue of $87.40 million for the quarter, compared to the consensus estimate of $79.90 million. QuinStreet had a negative return on equity of 2.36% and a negative net margin of 4.07%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS.
Shares of QuinStreet (NASDAQ QNST) opened at 7.37 on Tuesday. The company’s 50-day moving average price is $7.06 and its 200 day moving average price is $4.90. QuinStreet has a 52 week low of $2.61 and a 52 week high of $8.00. The firm’s market cap is $336.90 million.
QuinStreet, Inc is an online performance marketing company. The Company provides vertically oriented customer acquisition programs for its clients. The Company operating segments include Direct Marketing Services (DMS) business. Its DMS business derives its net revenue from fees earned through the delivery of qualified leads, clicks, calls or customers, and display advertisements, or impressions.
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