Quinstreet, Inc (NASDAQ: QNST) reported Q3 EPS of $0.06, $0.10 worse than the analyst estimate of $0.16. Revenue for the quarter came in at $116.2 million versus the consensus estimate of $119.52 million.

• Reports quarterly revenue of $116.2 million
• Expects full FY2019 revenue growth of about 15%
• Expects strong sequential revenue growth in FYQ4 to $128 to $132 million
• Annualized FYQ4 revenue forecast already implies double-digit growth and further margin expansion in FY2020

"Fiscal Q3 revenue results were about what we expected given tough comparables and the timing of ramping initiatives," commented Doug Valenti, QuinStreet CEO. "Our business outlook is excellent. We have the broadest footprint and largest number of major revenueinitiatives in the history of the Company. As revenue initiatives continue to scale, we expect fiscal Q4 to grow significantly over Q3 to the range of $128 to $132 million. As a result, we still expect full fiscal year revenue growth of about 15% and full fiscal year adjusted EBITDA margin of about 10%, excluding the impact of the DCEH write-off."

"Looking further forward, our expected Q4 results, when annualized, already imply double-digit revenue growth in fiscal 2020 to over $500 million for the first time in Company history, with continued expansion of margins and cash flow," concluded Valenti.

For earnings history and earnings-related data on Quinstreet, Inc (QNST) click here.