Stock Track | QuinStreet Soars Over 30% on Record Q1 Earnings and Raised Guidance

Stock Track

Nov 05, 2024

Shares of QuinStreet Inc. (QNST) surged over 33% in pre-market trading on November 5, 2024, after the online marketing services company reported record fiscal first-quarter 2025 results and raised its full-year guidance.

For the quarter ended September 2024, QuinStreet posted adjusted net income of $12.5 million, or 22 cents per share, beating Wall Street expectations of 15 cents per share. Revenue soared 125% year-over-year to a record $279.2 million, driven by a remarkable 664% jump in auto insurance revenue.

The strong performance prompted the company to raise its full fiscal year 2025 revenue guidance to a range of $975 million to $1.025 billion, up from its previous estimate of $800 million to $850 million. Adjusted EBITDA for the year is now expected to be between $75 million and $80 million.

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(QNST) surged over 33% in pre-market trading on November 5, 2024, after the online marketing services company reported record fiscal first-quarter 2025 results and raised its full-year guidance.</p>\n\n<p>For the quarter ended September 2024, QuinStreet posted adjusted net income of $12.5 million, or 22 cents per share, beating Wall Street expectations of 15 cents per share. Revenue soared 125% year-over-year to a record $279.2 million, driven by a remarkable 664% jump in auto insurance revenue.</p>\n\n<p>The strong performance prompted the company to raise its full fiscal year 2025 revenue guidance to a range of $975 million to $1.025 billion, up from its previous estimate of $800 million to $850 million. Adjusted EBITDA for the year is now expected to be between $75 million and $80 million.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QNST","symbol_name":"QuinStreet","start_time":0,"source_url":"","article_id":"1184908689","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184908689","pubTimestamp":1730802019,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of QuinStreet Inc.  surged over 33% in pre-market trading on November 5, 2024, after the online marketing services company reported record fiscal first-quarter 2025 results and raised its full-year guidance.For the quarter ended September 2024, QuinStreet posted adjusted net income of $12.5 million, or 22 cents per share, beating Wall Street expectations of 15 cents per share. 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