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Shares of QuinStreet gain after company says quarterly earnings probably rose more than 8%

Company estimates revenue increase of 45% in the quarter

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The stock advanced 15% on the news

Shares of QuinStreet Inc. (NASDAQ:QNST) gained after the company said that fiscal third-quarter earnings probably rose more than 8%.

The company, which specializes in performance marketing products and technologies, saw its shares rise 15% to US$11.70 at 9:31 am.

Final earnings due on May 1

Revenue in the period probably advanced 45% to more than US$115mln, the company said in a statement. The preliminary earnings figure is before interest, taxes, depreciation and amortization.

QuinStreet is scheduled to report final earnings for the quarter on May 1.

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