AUSTIN, Texas (AP) _ Q2 Holdings Inc. (QTWO) on Wednesday reported a loss of $15.7 million in its fourth quarter.
The Austin, Texas-based company said it had a loss of 32 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 38 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The provider of online banking software posted revenue of $86.8 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $89.5 million.
For the year, the company reported that its loss widened to $70.9 million, or $1.53 per share. Revenue was reported as $315.5 million.
For the current quarter ending in April, Q2 Holdings said it expects revenue in the range of $93.4 million to $95.4 million.
The company expects full-year revenue in the range of $416.3 million to $420.3 million.
Q2 Holdings shares have climbed slightly more than 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $87.79, a climb of 35% in the last 12 months.