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Thursday, April 12, 2018

QuinStreet (QNST) : guides Q3 (Mar) revs above consensus

 








QuinStreet guides Q3 (Mar) revs above consensus; says Kerrisdale claims in negative report are inaccurate 
  • Co says it expects to report Q3 (Mar) revenue of over $115 mln vs CapitalIQ consensus of $91.1 mln. There were no acquisitions in the quarter.
  • "Our strong and improving financial performance continues to be driven by good results for our clients and media partners, and by our significant competitive advantages."
  • "We have reviewed the negative report published about QuinStreet by Kerrisdale Capital Management and feel compelled to respond given its invalid claims and conclusions, and its negative impact on our stock price. QuinStreet management has never been contacted by Kerrisdale. We are disappointed they would make such sweeping claims without contacting us. Kerrisdale claims are inaccurate, out-of-context and exaggerated, and their conclusions about our prospects are demonstrably wrong."

** charts before guidance **




 



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