Quotient Technology Inc. Reports First Quarter 2020 Financial Results
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Quotient Technology (QUOT) Reports In-Line Q1 EPS, Revenues Miss; Offers 2Q & FY20 Revenue Guidance Below Consensus
May 5, 2020 4:31 PM EDTQuotient Technology (NYSE: QUOT) reported Q1 EPS of ($0.19), in-line with the analyst estimate of ($0.19). Revenue for the quarter came in at $98.8 million versus the consensus estimate of $106.07 million.
Q1 2020 Summary
During March quick and dramatic shifts in consumer shopping behaviors took effect as shoppers stocked pantries, cooked more in home, opted for eCommerce grocery delivery, and prepared for shelter-in-place mandates. These unexpected behaviors created short-term challenges for consumer packaged goods manufacturers (CPGs) and retailers, bringing emptied store shelves and stressed supply chains. As a result, in mid-March many on-going marketing campaigns... More