QuinStreet, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 08, 2024 at 04:05 pm EDT
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QuinStreet, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 168.59 million compared to USD 172.67 million a year ago. Net loss was USD 7.05 million compared to USD 0.479 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to USD 0.01 a year ago.
For the nine months, sales was USD 415.19 million compared to USD 450.31 million a year ago. Net loss was USD 29.17 million compared to USD 12.98 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.53 compared to USD 0.24 a year ago.
QuinStreet, Inc. is engaged in providing performance marketplaces and technologies for the financial services and home services industries. The Company allows clients to engage in high-intent digital media or traffic from a range of device types, in multiple formats or types of media, and in a range of cost-per-action (CPA) forms. Its primary products include qualified clicks, leads, calls, applications and customers. It specializes in customer acquisition for clients in high value, information-intensive markets, or verticals. Its media sources include owned-and-operated organic or search engine optimization websites, targeted search engine marketing (SEM) or pay-per-click (PPC) campaigns, social media and mobile programs, internal email databases, call center operations, partnerships with large and small online media companies, and more. It owns or accesses targeted media through business arrangements; runs advertisements or other forms of marketing messages and programs, and others.