Deluxe Corp. (DLX) Thursday reported first-quarter net income of $45.9 million or $0.89 per share, higher than $44.1 million or $0.86 per share in the previous year.
On an adjusted basis, earnings were $0.91 per share in the recent quarter, while the company posted $0.88 per share last year.
On average, two analysts polled by Thomson Reuters expected the company to earn $0.87 per share for the quarter. Analysts' estimates typically exclude special items.
The company, which provides printed products, forms, and marketing solutions to small businesses and financial institutions, said its quarterly revenues grew 2.5 percent to $387.6 million from $378 million in the same quarter last year.
Looking ahead to the second quarter, the company expects adjusted earnings per share to be in the range of $0.85 to $0.90. Revenues are expected to be between $375 million to $382 million. Analysts currently expect the company to earn $0.88 per share for the quarter.
The company also tightened its revenue and adjusted earnings per share outlook range to the upper end.
For full-year 2013, the company now expects adjusted earnings per share to be in the range of $3.65 to $3.80, compared to the prior outlook of $3.60 to $3.80 per share. Analysts are looking for earnings of $3.63 per share for the year.
Revenues are now anticipated to be between $1.545 billion and $1.575 billion. This compares to the earlier forecast of $1.535 to $1.575 billion.
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