Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Deluxe Q1 Profit Rises

RELATED NEWS
Trade DLX now with 

Deluxe Corp. (DLX: Quote) Thursday reported an increase in profit for the first quarter, due mainly to higher revenues.

The Shoreview, Minnesota-based company reported first-quarter net profit of $44.1 million or $0.86 per share, compared to $32.6 million or $0.63 per share last year.

Adjusted earnings for the quarter rose to $0. 88 per share from $0.75 per share in the prior-year quarter. On average, three analysts polled by Thomson Reuters expected the company to earn $0.79 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 8.1 percent to $378.0 million from $349.8 million in the prior-year quarter.

Looking ahead, the company expects second-quarter earnings in the range of $0.74 to $0.79 per share and adjusted earnings of $0.76 to $0.81 per share. Revenues for the second quarter are anticipated in the range of $353 million to $362 million. Analysts currently expect the company to earn $0.78 per share for the quarter.

The company increased its earnings guidance for the full-year 2012 to a range of $3.12 to $3.32 per share from previous estimate of $3.10 to $3.30 per share. The company also lifted its adjusted earnings guidance to a range of $3.20 to $3.40 per share, compared to prior estimate of $3.10 to $3.30 per share. Analysts currently expect the company to earn $3.21 per share for the quarter.

Deluxe now expects revenues for 2012 in the range of $1.45 billion to $1.48 billion compared to previous estimate of $1.42 billion to $1.46 billion.

Register
To receive FREE breaking news email alerts for Deluxe Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Software giant Microsoft Corp. said Thursday after the markets closed that its first quarter profit fell 13% from last year, hurt mainly by integration and restructuring costs even as revenue surged 25% thanks to strong sales of its gadgets and cloud-based products. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. After turning lower over the course of the previous session, stocks showed a substantial move back to the upside during trading on Thursday. The gains more than offset yesterday's loss, extending the recovery from the recent sell-off. Alaska Congressman Don Young, R-Ak., is once again making headlines with comments linking the state's high suicide rate to an increase in government assistance. Young told an audience at a senior center on Wednesday that the suicide problem didn't exist until there was "largesse" from the government.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.