QuinStreet Inc. (QNST) reported earnings on Tue 30 Oct 2018 (a/h)

QuinStreet, Inc., an Internet performance marketing company, provides customer acquisition services. It offers online marketing services to its clients in the form of qualified leads, inquiries, clicks, calls, applications, customers, display advertisements, or impressions through its Websites or third-party publishers.

• Sector: Technology
• Industry: Internet Content & Information
• HQ: Foster City, California
• Founded in 1999  
• Number of employees: 601 (2016)
• http://quinstreet.com

** charts 2 days after earnings **

FOSTER CITY, Calif. (AP) _ QuinStreet Inc. (QNST) on Tuesday reported fiscal first-quarter profit of $5.3 million.

On a per-share basis, the Foster City, California-based company said it had net income of 10 cents. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share.

The online marketing services company posted revenue of $112.9 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $103.3 million.

QuinStreet shares have increased 64 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.77, an increase of 92 percent in the last 12 months.

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 **