Vistaprint N.V. (VPRT) Thursday reported third-quarter profit of $5.9 million or $0.17 per share, up from $0.3 million or $0.01 per share in the same period last year.
Adjusted earnings for the quarter was $16.9 million or $0.48 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.36 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $287.7 million, up 12 percent from $257.6 million last year. Analysts expected revenues of $285.51 million.
Excluding Albumprinter and Webs combined revenue of $18.0 million, third quarter revenues amounted to $269.7 million.
Gross margin for quarter was 65.5 percent, flat with last year.
Looking ahead to the fourth quarter, the company has forecast revenues in the range of $263 million to $278 million. Analysts currently expect revenues of $280.05 million for the fourth quarter.
For the fiscal year 2013, the company expects to report earnings in the range of $0.60 to $0.80 per share. Adjusted earnings are projected in a range of $1.94 to $2.14 per share, up from previous guidance range of $1.79 to $1.99 per share.
Revenue outlook for the fiscal 2013 has been raised to a range of $1.15 billion to $1.17 billion from $1.145 billion to $1.175 billion, issued previously. Analysts currently expect the company to report full-year earnings of $1.91 per share on revenues of $1.17 billion.
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