Quotient Tech: 2Q Earnings Snapshot
MOUNTAIN VIEW, Calif. (AP) _ Quotient Technology Inc. (QUOT) on Tuesday reported a loss of $4.7 million in its second quarter.
The Mountain View, California-based company said it had a loss of 5 cents per share. Earnings, adjusted for stock option expense, came to 2 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The digital coupons company posted revenue of $89.5 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $88.4 million.
For the current quarter ending in October, Quotient Tech said it expects revenue in the range of $101 million to $105 million.
The company expects full-year revenue in the range of $390 million to $405 million.
Quotient Tech shares have climbed 26 percent since the beginning of the year. The stock has climbed 27 percent in the last 12 months.