Why Quotient Technology Stock Is Plunging 25% Today
Shares of Quotient Technology (NYSE: QUOT) were in the red to the tune of 25.1% at the midpoint of Friday's trading session after the company posted disappointing second-quarter results.
It certainly could have been worse. The quarter's revenue of $123.9 million was 48% higher than the year-ago figure of $83.5 million, and topped expectations of $122.1 million. But the per-share loss of $0.18 was nearly twice the consensus loss of $0.10, with adjusted EBITDA of $4.33 million coming in slightly below the year-ago comp despite impressive revenue growth.
Greater scale doesn't appear to be doing the internet advertising outfit much good.
Source Fool.com
