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Q2 Holdings: 3Q Earnings Snapshot

Associated Press
Updated

AUSTIN, Texas (AP) _ Q2 Holdings Inc. (QTWO) on Wednesday reported a loss of $18.6 million in its third quarter.

The Austin, Texas-based company said it had a loss of 39 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The provider of online banking software posted revenue of $79.7 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $79.2 million.

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Q2 Holdings shares have climbed 38% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $68.29, a climb of 31% 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