QuinStreet: Fiscal 2Q Earnings Snapshot
FOSTER CITY, Calif. (AP) _ QuinStreet Inc. (QNST) on Thursday reported fiscal second-quarter net income of $52.8 million.
The Foster City, California-based company said it had net income of $1 per share. Earnings, adjusted for pretax gains and non-recurring gains, came to 12 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share.
The online marketing services company posted revenue of $104.1 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $103.3 million.
QuinStreet shares have climbed 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.53, an increase of 64 percent in the last 12 months.