(RTTNews) - Vistaprint N.V. (VPRT: News ), a web-based provider of printing services, reported an increase in profit for the first quarter as revenue grew 27% year over year. Both earnings and revenues for the quarter topped Street expectations.

The company recorded net income for the first quarter of $12.98 million or $0.29 per share, up from $8.27 million or $0.18 per share in the previous year quarter.

Excluding charges, net income for the first quarter was $18.48 million or $0.41 per share, higher than $13.96 million or $0.30 per share in the previous year quarter. On average, 10 analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share. Analysts' estimates typically exclude special items.
Quarterly revenue rose to $145.09 million from $114.23 million in the same quarter a year-ago. Nine analysts expected revenues of $138.08 million.

Looking ahead, the company expects earnings including charges for the second quarter in the range of approximately $0.43 to $0.48 per share and excluding charges, about $0.55 to $0.60 per share. Second quarter revenue is anticipated to be around $167 million to $175 million. Analysts estimate earnings of $0.58 per share on revenues of $169.05 million.

For the fiscal year 2010, the company expects revenue to be approximately $615 million to $645 million. Earnings, including charges, is expected to be about $1.39 to $1.49 per share and excluding charges about $1.85 to $1.95 per share. Analysts anticipate earnings of $1.94 per share on revenues of $627.77 million.

VPRT closed Thursday's regular trading at $50.09 down $1.61 or 3.11% on a volume of 1.544 million shares on the Nasdaq, and in the aafter hour trading the stock price increased to $50.70 up $0.61 or 1.22%.

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by RTT Staff Writer

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