Form 8-K QUINSTREET, INC For: Nov 09
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Quinstreet, Inc (QNST) Misses Q1 EPS by 3c; Will Implement Corp. Restructuring
November 9, 2016 4:56 PM ESTQuinstreet, Inc (NASDAQ: QNST) reported Q1 EPS of $0.01, $0.03 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $73.4 million versus the consensus estimate of $82.8 million.
Quinstreet also announced a corporate restructuring and other steps to accelerate margin expansion, grow cash flow, and increase shareholder value.
The corporate restructuring will reduce fixed costs by approximately $17 million annually, including a reduction in personnel costs of... More
