AUSTIN, Texas (AP) — Q2 Holdings Inc. (QTWO) on Wednesday reported a loss of $37.8 million in its fourth quarter.
On a per-share basis, the Austin, Texas-based company said it had a loss of 69 cents. Earnings, adjusted for amortization costs and stock option expense, came to 2 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The provider of online banking software posted revenue of $109 million in the period, topping Street forecasts. Eight analysts surveyed by Zacks expected $106.2 million.
For the year, the company reported that its loss widened to $137.6 million, or $2.65 per share. Revenue was reported as $402.8 million.
For the current quarter ending in April, Q2 Holdings said it expects revenue in the range of $114.1 million to $115.6 million.
The company expects full-year revenue in the range of $486.3 million to $489.3 million.
Q2 Holdings shares have risen 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $144.56, a climb of 66% in the last 12 months.
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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
