logo
Share SHARE
FONT-SIZE Plus   Neg

Deluxe Q1 Profit Rises

Deluxe Corp. (DLX) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Can a washing machine explode just like a bomb? A lawsuit filed in the federal court in New Jersey alleged that there was loud noise and damage to garage wall as the washing machine went off with a violent boom. Samsung is facing federal class action lawsuit from customers. There were similar reports... German lender Commerzbank AG said Thursday that it will cut almost 10,000 jobs, stop paying dividends for the time being and merge two big units as part of a restructuring to become profitable on a sustainable basis by 2020. The bank, Germany's second largest, said that to cover its restructuring costs in the region of 1.1 billion euros, it will cease dividend payments for the time being. Apple Inc. has repeatedly assured customers of its commitment to privacy and said that iMessage conversations are safe. However, Apple's iMessage logs the phone numbers typed by users for a text conversation and shares this information with law enforcement when compelled by court order, according to news site "The Intercept."
comments powered by Disqus
Follow RTT