Q2 Holdings: 2Q Earnings Snapshot
AUSTIN, Texas (AP) _ Q2 Holdings Inc. (QTWO) on Wednesday reported a loss of $17.3 million in its second quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 39 cents. Earnings, adjusted for stock option expense and amortization costs, were 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The provider of online banking software posted revenue of $77.6 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $76.1 million.
For the current quarter ending in October, Q2 Holdings said it expects revenue in the range of $78.6 million to $79.6 million.
The company expects full-year revenue in the range of $313 million to $315 million.
Q2 Holdings shares have climbed 51% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $74.71, a climb of 19% in the last 12 months.