Thread regarding QuinStreet Inc. layoffs

Shareholders not pleased

Share price down 29 percent. Was it just that the revenue predictions were off?

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Post ID: @OP+10sD05a3

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Shares down to $10.75

https://seekingalpha.com/symbol/QNST

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Post ID: @3xnc+10sD05a3

"It’s just that DCEH, it’s a big boat anchor to be dragging around with us for a couple more quarters."

https://seekingalpha.com/article/4284189-quinstreets-qnst-ceo-doug-valenti-q4-2019-results-earnings-call-transcript?part=single

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Post ID: @3liw+10sD05a3

"The miss was mainly execution related. Our opportunity remains attractive, and our underlying business momentum is strong. We have made a number of organizational and reporting changes to improve execution and accelerate growth. The changes include elevating one of our most experienced operating executives, Tim Stevens, to oversee media operations. We are already seeing indications of the positive effects of these changes, and we fully expect to deliver a new record revenue quarter in fiscal Q1."

https://www.sec.gov/Archives/edgar/data/1117297/000156459019030830/qnst-ex991_6.htm

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Post ID: @tcn+10sD05a3

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