Deluxe Earnings: Here’s Why Investors are Buying Shares Now
Deluxe Corp. (NYSE:DLX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.15%.
Deluxe Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.41% to $0.91 in the quarter versus EPS of $0.88 in the year-earlier quarter.
Revenue: Rose 2.55% to $387.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Deluxe Corp. reported adjusted EPS income of $0.91 per share. By that measure, the company beat the mean analyst estimate of $0.87. It beat the average revenue estimate of $379.9 million.
Quoting Management: “We delivered an outstanding first quarter to start the year, despite a ramp in brand awareness spend and two less business days than last year and we exceeded both our revenue and adjusted EPS outlooks,” said Lee Schram, CEO of Deluxe. “All our segments performed well and checks and forms performed better than our expectations and importantly, marketing solutions and other services revenue grew 22% over last year. Our strong first quarter positions us well to grow revenue in 2013 for a fourth consecutive year.”
Key Stats (on next page)…