Quinstreet, Inc (QNST) Misses Q3 EPS by 3c
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QuinStreet Reports Financial Results for Third Quarter Fiscal Year 2016
May 10, 2016 4:07 PM EDTFOSTER CITY, Calif., May 10, 2016 (GLOBE NEWSWIRE) -- QuinStreet, Inc. (Nasdaq: QNST), the leader in performance marketing products and technologies, today announced financial results for the third quarter ended March 31, 2016.
For the third quarter, the Company reported total revenue of $81.2 million, an increase of 8% compared to the same quarter last year. Total revenue grew 10% year-over-year, excluding the one-time benefit of $1.6 million related to the collection of a historical receivable in the same quarter last year. Adjusted EBITDA for the quarter was $3.5 million, or 4% of revenue. Adjusted net income for the third quarter was... More
