Quinstreet, Inc (NASDAQ: QNST) reported Q2 EPS of $0.13, $0.05 better than the analyst estimate of $0.08. Revenue for the quarter came in at $135 million versus the consensus estimate of $120.16 million.

• For the second quarter, the Company reported revenue of $135.0 million.
• Revenue excluding divested businesses grew 36% year-over-year.
• GAAP net income was $0.5 million, or $0.01 per diluted share. Adjusted net income was $7.0 million, or $0.13 per diluted share.
• Adjusted EBITDA was $10.0 million.
• The Company generated $5.6 million in operating cash flow and $7.5 million in normalized free cash flow, and closed the quarter with $102.6 million in cash and equivalents.

"Our strong momentum continued in fiscal Q2, driven by Insurance and Home Services, our two largest businesses," commented Doug Valenti, QuinStreet CEO. "Auto Insurance revenue once again grew 57% year-over-year as we continued to see unprecedented and broadening demand from clients, growth in consumer activity in digital media, and good progress with growth initiatives. Home Services growth accelerated year-over-year to 165% due to continued successful execution of initiatives, and ahead-of-schedule integration and synergies with the Modernize acquisition."

"Trends in credit-driven businesses, specifically Personal Loans and Credit Cards, continued to improve in fiscal Q2."

"Looking ahead to the current quarter or fiscal Q3, we expect continued strong momentum and revenue growth in Insurance and Home Services, and continued improvement in Personal Loans and Credit Cards. We expect continued strong overall Company performance as a result. We expect revenue in fiscal Q3 to be between $145 and $150 million which, at the midpoint of the range, represents 34% year-over-year growth in revenue excluding divested businesses. We expect adjusted EBITDA to be between $13 and $14 million," concluded Valenti.

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