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What: Shares of QuinStreet
So what: Q1 earnings beat expectations by a penny, but revenue fell 2% year over year to $101.2 million, well short of the $107.1 million analysts were calling for, according to data compiled by Yahoo! Finance. The miss was at least partly responsible for a Credit Suisse analyst's downgrade the stock from "outperform" to "neutral."
Now what: But if the miss was troubling, the outlook was catastrophic. QuinStreet now expects just $403 million in fiscal 2012 revenue, down sharply from summer estimates of $455 million to $475 million in sales, The Associated Press reports. Does the lower guidance worry you? Or would you buy shares of QuinStreet at current prices? Please weigh in using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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