Q2 Holdings: 2Q Earnings Snapshot
AUSTIN, Texas (AP) _ Q2 Holdings Inc. (QTWO) on Tuesday reported a loss of $8.6 million in its second quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 20 cents. Earnings, adjusted for stock option expense and amortization costs, came to 1 cent per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.
The provider of online banking software posted revenue of $58.6 million in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $58.3 million.
For the current quarter ending in October, Q2 Holdings said it expects revenue in the range of $59.7 million to $60.3 million.
The company expects full-year revenue in the range of $238 million to $239.2 million.
Q2 Holdings shares have increased 71 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $62.95, an increase of 67 percent in the last 12 months.