QuinStreet: Set for worst day ever after profit, revenue miss

Quinstreet

09/08/2019 17:23

** Shares of digital marketing co QuinStreet Inc  QNST.O 
fall as much as 30% to $11.46, hitting a 1-yr 3-mnth low
    ** Stock set for its worst day ever, if losses hold
    ** Misses fourth-qtr profit and rev. estimates, according to
IBES data from Refinitiv
    ** QNST's second profit miss in a row, has missed profit
twice in the past eight qtrs
    ** "While the business continued to ramp, the rate of
acceleration of growth was slower than forecast," CEO Doug
Valenti said in a statement  urn:newsml:reuters.com:*:nGNX3lSvR7
    ** Including session's losses, stock down 28% this year,
while the broader S&P 500 index  .SPX  up ~16% in the same time

 (Reporting by Bharath Manjesh in Bengaluru)
 ((Bharath.ManjeshR@thomsonreuters.com;  outside U.S. +91 80
6749 8400;))