Vistaprint N.V. (VPRT) reported 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 prior year quarter.
On a non-GAAP basis, 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 Wall Street analysts expected revenues of $138.08 million.
Moving ahead, the company expects GAAP earnings per share for the second quarter in the range of approximately $0.43 - $0.48 and non-GAAP earnings per share of about $0.55 - $0.60. The company anticipates second quarter revenue of around $167 million - $175 million. Street analysts estimate earnings of $0.58 per share on revenues of $169.05 million.
For fiscal year 2010, the company expects revenue of approximately $615 million - $645 million. The company projects fiscal 2010 expects GAAP earnings per share of about $1.39 - $1.49 and non-GAAP earnings per share of approximately $1.85 - $1.95. Street analysts anticipate earnings of $1.94 per share on revenues of $627.77 million.
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