Quotient Technology (QUOT) Misses Q1 EPS by 8c, Sales Beat; Guides In-Line

Quotient Technology (NYSE: QUOT) reported Q1 EPS of ($0.10), $0.08 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $66.1 million versus the consensus estimate of $61.15 million.

GUIDANCE:

Quotient Technology sees Q2 2016 revenue of $62-64 million, versus the consensus of $60.8 million.

Quotient Technology sees FY2016 revenue of $257-265 million, versus the consensus of $258.4 million.

"We had a great start to the year. We continued to scale Retailer iQ and saw momentum across the business," said Steven Boal, CEO of Quotient. "Retailer iQ is a powerful digital marketing platform, driving sales for both CPGs and retailers while helping shoppers save money. Retailers can now expand their initiatives, delivering promotions through online ordering channels, creating digital circulars, and incorporating targeted media onto their websites and apps. Additionally, retailers are leveraging our large consumer audience through the Coupons.com network to complement their marketing programs and to drive shopper adoption and engagement. As Retailer iQ scales, our ability to provide shopper insights directly to retailers and CPGs is expected to increase."

"We delivered a strong quarter driven by both digital promotions and media," said Jennifer Ceran, CFO of Quotient. "We are raising full year revenue guidance as Retailer iQ continues to scale. We'll continue to focus on delivering operating expense leverage while investing today in future growth opportunities around data and analytics."

For earnings history and earnings-related data on Quotient Technology (QUOT) click here.

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