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Why Quotient Technology Shares Soared Today

Shares of have soared today, up by 27% as of 12:07 p.m. ET, after the company reported fourth-quarter earnings.

What: Shares of Quotient Technology have soared today, up by 27% as of 12:07 p.m. ET, after the company reported fourth-quarter earnings.

So what: Revenue in the fourth quarter came in at $69.4 million, up 16% from a year ago. Coupon transactions rose 25% to hit a record 469 million. Quotient posted adjusted earnings per share of $0.01. Analysts were expecting an adjusted net loss of $0.03 per share.

Now what: CEO Steven Boal said the company is gaining momentum with its Retailer iQ partners, driving transaction growth of 25% in the fourth quarter. Digital paperless transactions now comprise over half of all transactions. The company expanded its reach with Retailer iQ, and now includes grocery, drug, and dollar channels, among others. Guidance for 2016 calls for revenue in the range of $250 million to $260 million.

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The article Why Quotient Technology Shares Soared Today originally appeared on Fool.com.

Evan Niu, CFA has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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