Brief: Quinstreet Q1 adjusted earnings per share $0.01

Quinstreet

09/11/2016 21:35

Nov 9 (Reuters) - Quinstreet Inc  QNST.O : 
    * Q1 earnings per share view $0.04, revenue view $82.8 
million -- Thomson Reuters I/B/E/S 
    * Quinstreet Inc says will undertake a strategic review of 
its business portfolio 
    * Quinstreet Inc says strategic review is to analyze and 
explore possible divestitures and strategic partnerships 
    * Quinstreet Inc- expect to generate in excess of $15 
million in adjusted EBITDA in fiscal 2017, inclusive of 
partial-year effects from restructuring 
    * Quinstreet Inc- expect full-year effects from 
restructuring in fiscal 2018 
    * Quinstreet Inc says corporate restructuring will reduce 
fixed costs by approximately $17 million annually 
    * Quinstreet Inc says also expects to incur a one-time 
restructuring charge in range of $2.5 million to $3.5 million in 
December quarter 
    * Quinstreet reports Q1 financial results and corporate 
restructuring 
    * Q1 adjusted earnings per share $0.01 
    * Q1 gaap loss per share $0.08 
    * Q1 revenue $73.4 million 
 
Source text for Eikon:  ID:nGNXNKRWEa  
Further company coverage:  QNST.O  
 
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