Valassis (VCI) reported third quarter net earnings of $13.8 million or $0.28 per share, compared to net loss of $5.2 million or $0.11 per share last year.
On average, 4 analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share, on revenues of $540.27 million. Analysts' estimates typically exclude special items.
Revenue declined to $544.06 million from $563.65 million in the same quarter last year.
The company said it is increasing full-year 2009 adjusted EBITDA guidance to be between $255 million and $265 million from $245 million.
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