Q2 Holdings: Q2 Earnings Snapshot
AUSTIN, Texas (AP) _ Q2 Holdings Inc. (QTWO) on Wednesday reported a loss of $25.2 million in its second quarter.
The Austin, Texas-based company said it had a loss of 44 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 7 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The provider of online banking software posted revenue of $140.3 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $140.2 million.
For the current quarter ending in October, Q2 Holdings said it expects revenue in the range of $145.7 million to $147.7 million.
The company expects full-year revenue in the range of $576.8 million to $580.8 million.