QuinStreet, Inc (QNST) Tops Q1 EPS by 1c; Enters New $300M Facility
QuinStreet, Inc (NASDAQ: QNST) reported Q1 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $101.2 million versus the consensus estimate of $107.12 million.
The Company also announced a new five-year debt facility that increases its borrowing capacity to $300 million on attractive and improved terms. The Company currently has $104 million of debt outstanding and a total of $145 million of cash and marketable securities.
The Company also announced a new five-year debt facility that increases its borrowing capacity to $300 million on attractive and improved terms. The Company currently has $104 million of debt outstanding and a total of $145 million of cash and marketable securities.