Vistaprint N.V. (VPRT) announced that it has terminated its contract with an affiliate of Vertrue Inc., effective December 20, 2009, and that, effective as of November 23, 2009, no membership rewards or similar programs have been or will be available to any Vistaprint customers.
The company still expects GAAP earnings per share for the second quarter in the range of about $0.43 - $0.48 and non-GAAP earnings per share of about $0.55 - $0.60. The company still anticipates revenue of around $167 million - $175 million. Analysts polled by Thomson Reuters expect the company to report earnings of $0.59 per share on revenues of $175.05 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal year 2010, the company still expects revenue of approximately $615 million - $645 million. The company still 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. Analysts expect the company to report earnings of $1.97 per share on revenues of $646.83 million for fiscal 2010.
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