Quantum X Swings to Earnings in Q2 on Lower Financial Costs

QXL reported Q2 EPS improvement largely driven by a deconsolidation gain and sharply lower financial expenses, but revenue declined year over year. The drop was attributed to browser-technology changes pressuring its direct-model sales. Overall, earnings look partially supported by non-operating items, while the core top-line trend remains weak.

Analysis

QXL reported Q2 EPS improvement largely driven by a deconsolidation gain and sharply lower financial expenses, but revenue declined year over year. The drop was attributed to browser-technology changes pressuring its direct-model sales. Overall, earnings look partially supported by non-operating items, while the core top-line trend remains weak.