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Stock impact report

QuinStreet Reports First Quarter Fiscal Year 2018 Financial Results

QuinStreet, Inc. (QNST) 
Last quinstreet, inc. earnings: 2/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.quinstreet.com/company-overview
Company Research Source: GlobeNewswire
FOSTER CITY, Calif., Oct. 30, 2017 (GLOBE NEWSWIRE) -- QuinStreet, Inc. (Nasdaq:QNST), a leader in performance marketing products and technologies, today announced financial results for the fiscal first quarter ended September 30, 2017. For the first quarter, the Company reported revenue of $87.4 million, an increase of 19% year-over- year, and GAAP net income of $1.4 million, or $0.03 per share. Adjusted net income for the first quarter was $3.5 million, or $0.08 per share, and adjusted EBITDA was $6.6 million, or 8% of revenue. The Company generated $5.6 million in normalized free cash flow in the first quarter and closed the period with $50.4 million in cash and no debt.  “Results were strong in the first quarter. Revenue was up 19% year-over-year, and adjusted EBITDA margin was 8%,” commented Doug Valenti, QuinStreet CEO. “Improved performance continues to be driven by our new product and media strategies and by clients shifting more spending to digital media and performance Show less Read more
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