Quinstreet, Inc (QNST) Tops Q1 EPS by 7c

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Go back to Quinstreet, Inc (QNST) Tops Q1 EPS by 7c

QuinStreet Reports First Quarter Fiscal Year 2021 Financial Results

October 28, 2020 4:15 PM EDT

FOSTER CITY, Calif., Oct. 28, 2020 /PRNewswire/ -- QuinStreet, Inc. (Nasdaq: QNST), a leader in performance marketplace technologies and services for the financial services and home services industries, today announced financial results for the first quarter ended September 30, 2020.

For the first quarter, the Company reported revenue of $139.3 million. Revenue excluding divested businesses increased 23% year-over-year.

GAAP net income for the first quarter increased 1197% year-over-year to $14.7 million, representing 11% of revenue, or $0.27 per diluted share. Adjusted net income increased 42% year-over-year to $8.8 million, representing 6% of revenue, or $0.16 per diluted share.

Adjusted EBITDA for the first quarter... More