AP NEWS

Quotient Tech: 4Q Earnings Snapshot

February 13, 2019

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.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QUOT at https://www.zacks.com/ap/QUOT

All contents © copyright 2019 The Associated Press. All rights reserved.