Q2 Holdings: Q2 Earnings Snapshot

August 3, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QTWO at https://www.zacks.com/ap/QTWO