Q2 Holdings, Inc. Announces Third Quarter 2019 Financial Results
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Q2 Holdings (QTWO) Tops Q3 EPS by 2c, Revenues Beat; Provides Q4 & FY19 Revenue Outlook
November 6, 2019 5:17 PM ESTQ2 Holdings (NYSE: QTWO) reported Q3 EPS of $0.05, $0.02 better than the analyst estimate of $0.03. Revenue for the quarter came in at $79.7 million versus the consensus estimate of $79.26 million.
Third Quarter 2019 Results
Revenue for the third quarter of $79.7 million, up 32 percent year-over-year and up 3 percent from the previous quarter.GAAP gross margin for the third quarter of 49.3 percent, down from 50.2 percent in the prior-year quarter. Non-GAAP gross margin for the third quarter of 53.6 percent, down from 53.8 percent in the prior-year quarter.GAAP net loss for the third quarter of $18.6 million,... More