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QuinStreet: Fiscal 4Q Earnings Snapshot

August 8, 2019

FOSTER CITY, Calif. (AP) _ QuinStreet Inc. (QNST) on Thursday reported fiscal fourth-quarter profit of $3.4 million.

The Foster City, California-based company said it had net income of 6 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 15 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The online marketing services company posted revenue of $122 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $128.8 million.

For the year, the company reported profit of $62.5 million, or $1.18 per share. Revenue was reported as $455.2 million.

QuinStreet shares have climbed roughly 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.37, an increase of 25% in the last 12 months.

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

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