Quotient Tech: 4Q Earnings Snapshot
MOUNTAIN VIEW, Calif. (AP) _ Quotient Technology Inc. (QUOT) on Tuesday reported a fourth-quarter loss of $4.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Mountain View, California-based company said it had a loss of 5 cents. Earnings, adjusted for stock option expense and restructuring costs, came to 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The digital coupons company posted revenue of $107.1 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $110.1 million.
For the year, the company reported that its loss widened to $28.3 million, or 30 cents per share. Revenue was reported as $387 million.
For the current quarter ending in April, Quotient Tech said it expects revenue in the range of $94 million to $98 million.
The company expects full-year revenue in the range of $460 million to $470 million.
Quotient Tech shares have dropped 5 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.12, a fall of slightly more than 5 percent in the last 12 months.