Deluxe Corp. (DLX) released earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $20.5 million, or $0.46 per share. This compares with $16.4 million, or $0.37 per share, in last year's second quarter.
Excluding items, Deluxe Corp. reported adjusted earnings of $0.85 per share for the period.
Analysts on average had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 5.9% to $537.8 million from $571.7 million last year.
Deluxe Corp. earnings at a glance (GAAP) :
-Earnings (Q2): $20.5 Mln. vs. $16.4 Mln. last year.
-EPS (Q2): $0.46 vs. $0.37 last year.
-Revenue (Q2): $537.8 Mln vs. $571.7 Mln last year.
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