Quotient Technology (QUOT) Misses Q3 EPS by 13c, Revenues Beat; Offers FY18 Revenue Outlook

Quotient Technology (NYSE: QUOT) reported Q3 EPS of ($0.08), $0.13 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $103.6 million versus the consensus estimate of $102.99 million.

“Our business is accelerating, driven by strong growth from our Retailer iQ and Media solutions, coupled with a verified buyer audience base of over 100 million, built from the largest source of online and offline grocery shopper data,” said Mir Aamir, President and CEO of Quotient. “We continue to add new solutions and enhance our technology. Our platform combining digital promotions, media and audience data, enables CPG brands and retailers to effectively deliver digital marketing at high ROI, and at scale. We are increasingly becoming CPGs’ key digital marketing partner, as they look to shift more of their $225 billion in annual marketing spend from offline to digital.”

GUIDANCE:

Quotient Technology sees FY2018 revenue of $395-400 million, versus the consensus of $397.26 million.

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

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