Quotient Tech beats Street 4Q forecasts

Associated Press |

MOUNTAIN VIEW, Calif. (AP) _ Quotient Technology Inc. (QUOT) on Tuesday reported fourth-quarter net income of $4.2 million.

The Mountain View, California-based company said it had net income of 4 cents per share. Earnings, adjusted for stock option expense and restructuring costs, were 11 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The digital coupons company posted revenue of $93.1 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $92.5 million.

For the year, the company reported that its loss narrowed to $15.1 million, or 17 cents per share. Revenue was reported as $322.1 million.

For the current quarter ending in April, Quotient Tech said it expects revenue in the range of $83 million to $87 million.

The company expects full-year revenue in the range of $379 million to $394 million.

Quotient Tech shares have dropped slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11, a decrease of 16 percent in the last 12 months.

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer



Symbol Last Price Change % Change










What Is Petrolithium?

MGX Minerals explains the advantages of petrolithium and how they are helping to solve future problems today.

Emerging Growth


Nxt-ID Inc provides products, solutions, and services that have a need for biometric secure access control. Its lines of business include mobile commerce; law enforcement and biometric access control applications…