Quotient Tech: 3Q Earnings Snapshot
MOUNTAIN VIEW, Calif. (AP) _ Quotient Technology Inc. (QUOT) on Wednesday reported a loss of $7.8 million in its third quarter.
On a per-share basis, the Mountain View, California-based company said it had a loss of 8 cents. Earnings, adjusted for stock option expense, were 1 cent per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The digital coupons company posted revenue of $103.6 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $102.4 million.
For the current quarter ending in December, Quotient Tech said it expects revenue in the range of $115 million to $120 million.
The company expects full-year revenue in the range of $395 million to $400 million.
Quotient Tech shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.99, a fall of nearly 8 percent in the last 12 months.