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

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