Q2 Holdings, Inc. (QTWO) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Q2 Holdings, Inc. (NYSE:QTWO) posted its quarterly earnings data on Tuesday. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.05, Bloomberg Earnings reports. Q2 Holdings had a negative return on equity of 22.74% and a negative net margin of 18.45%. The firm had revenue of $50.10 million for the quarter, compared to the consensus estimate of $50.05 million. During the same quarter last year, the company earned ($0.24) earnings per share. The business’s revenue for the quarter was up 30.8% compared to the same quarter last year.
In other Q2 Holdings news, EVP John E. Breeden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $41.50, for a total transaction of $415,000.00. Following the transaction, the executive vice president now owns 64,694 shares in the company, valued at $2,684,801. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Barry G. Benton sold 4,083 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $37.49, for a total value of $153,071.67. Following the transaction, the senior vice president now owns 24,820 shares in the company, valued at approximately $930,501.80. The disclosure for this sale can be found here. Insiders have sold 231,908 shares of company stock worth $9,390,327 in the last quarter. 24.50% of the stock is currently owned by company insiders.
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About Q2 Holdings
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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