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Quotient Tech: 1Q Earnings Snapshot

MOUNTAIN VIEW, Calif. (AP) _ Quotient Technology Inc. (QUOT) on Tuesday reported a loss of $13.2 million in its first quarter.

On a per-share basis, the Mountain View, California-based company said it had a loss of 14 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 4 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 4 cents per share.

The digital coupons company posted revenue of $98.1 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $96.3 million.

For the current quarter ending in July, Quotient Tech said it expects revenue in the range of $102 million to $106 million.

The company expects full-year revenue in the range of $460 million to $470 million.

Quotient Tech shares have declined almost 10% since the beginning of the year. The stock has decreased 25% 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 QUOT at https://www.zacks.com/ap/QUOT