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Banking Q2 Holdings: 2Q Earnings Snapshot

Q2 Holdings: 2Q Earnings Snapshot

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AUSTIN, Texas (AP) _ Q2 Holdings Inc. (QTWO) on Wednesday reported a loss of $39 million in its second quarter.
The Austin, Texas-based company said it had a loss of 76 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 8 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The provider of online banking software posted revenue of $97.6 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $94.8 million.

For the current quarter ending in October, Q2 Holdings said it expects revenue in the range of $101.1 million to $103.1 million.
The company expects full-year revenue in the range of $394.2 million to $398.2 million.
Q2 Holdings shares have climbed 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $99.47, a climb of 35% in the last 12 months.

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

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