QuinStreet Announces Conference Call to Provide Mid-Quarter Business Update
June 07 2011 - 4:15PM
QuinStreet, Inc. (Nasdaq:QNST), a leader in vertical marketing and
media online, announced it will host a conference call today,
Tuesday, June 7, 2011 at 2:00 p.m. PT. The purpose of the call will
be to provide a mid-quarter update and outlook for the business,
including expectations for this and next quarter, as well as full
year guidance for fiscal years ending June 30, 2011 and 2012.
Full year fiscal 2011 growth is projected to come in at the top
of the range of the Company's average growth objective of 15-20%.
The Company expects generally flat year-over-year growth for Q4 of
fiscal 2011 and Q1 of fiscal 2012. The Company has completed its
plan for fiscal 2012. Guidance for full year revenue in fiscal 2012
is in the range of $455 to $475 million, or approximately 15%
year-over-year growth at the mid-point. The Company expects 20%
adjusted EBITDA margins for Q4 of fiscal 2011 and for full year
fiscal 2012.
Conference Call — Today at 2:00 p.m. PT
QuinStreet will host a conference call and corresponding live
webcast at 2:00 p.m. PT today, Tuesday, June 7, 2011. To access the
conference call, dial 1-866-240-0819 for the U.S. and Canada and
1-973-200-3360 for international callers. The webcast will be
available live on the investor relations section of the Company's
website at http://investor.quinstreet.com and via replay beginning
approximately two hours after the completion of the call until the
Company's announcement of its financial results for the next
quarter. An audio replay of the call will also be available to
investors beginning at approximately 5:00 p.m. PT on June 7, 2011
until 11:59 p.m. PT on June 14, 2011 by dialing 1-800-642-1687 in
the U.S. and Canada, or 1-706-645-9291 for international callers,
using passcode 73986208#. This press release is also available on
the investor relations section of the Company's website at
http://investor.quinstreet.com.
About QuinStreet
QuinStreet, Inc. (Nasdaq:QNST) is a leader in vertical marketing
and media online. QuinStreet is headquartered in Foster City, CA.
For more information, please visit www.quinstreet.com.
Non-GAAP Financial Measures
This release includes a discussion of adjusted EBITDA, a
non-GAAP financial measure that is provided as a complement to
results provided in accordance with accounting principles generally
accepted in the United States of America ("GAAP"). The term
"adjusted EBITDA" refers to a financial measure that we define as
net income less provision for taxes, depreciation expense,
amortization expense, stock-based compensation expense, interest
and other income (expense), net. This non-GAAP measure should be
considered in addition to results prepared in accordance with GAAP,
but should not be considered a substitute for, or superior to, GAAP
results. In addition, our definition of adjusted EBITDA may not be
comparable to the definitions as reported by other companies.
Legal Notice Regarding Forward Looking
Statements
This press release and its attachments contain forward-looking
statements within the meaning of Section 21E of the Securities
Exchange Act of 1934 that involve risks and uncertainties. Words
such as "projected, " "expects, " "forecasts, " "will, "
"believe, " "intend, " "potential" and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements include the quotations from management
in this press release, as well as any statements regarding the
Company's anticipated financial results and strategic and
operational plans. The Company's actual results may differ
materially from those anticipated in these forward-looking
statements. Factors that may contribute to such differences
include, but are not limited to: the Company's ability to deliver
an adequate rate of growth and manage such growth; the impact of
changes in government regulation and industry standards; the
Company's ability to maintain and increase the number of visitors
to its websites; the Company's ability to identify and manage
acquisitions; the impact of the current economic climate on the
Company's business; the Company's ability to attract and retain
qualified executives and employees; the Company's ability to
compete effectively against others in the online marketing and
media industry; the impact and costs of any failure by the Company
to comply with government regulations and industry standards; and
costs associated with defending intellectual property infringement
and other claims. More information about potential factors that
could affect the Company's business and financial results is
contained in the Company's annual report on Form 10-K as filed with
the Securities and Exchange Commission on September 13, 2010 and
the Company's quarterly report on Form 10-Q for the quarter ended
March 31, 2011, filed on May 6, 2011. The Company does not intend
and undertakes no duty to release publicly any updates or revisions
to any forward-looking statements contained herein.
CONTACT: Erica Abrams or Matthew Hunt
(415) 217-5864 or (415) 489-2194
erica@blueshirtgroup.com
matt@blueshirtgroup.com
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