Vistaprint Earnings: Here’s Why Investors are Bidding Up Shares
Vistaprint (NASDAQ:VPRT) 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 0.4%.
Vistaprint Earnings Cheat Sheet
Results: Net income increased 13.25% to $35.9 million ($1.02 per diluted share) in the quarter versus a net gain of $31.7 million in the year-earlier quarter.
Revenue: Rose 16.15% to $348.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Vistaprint N.V. reported adjusted net income of $1.02 per share. By that measure, the company beat the mean analyst estimate of $0.75. It beat the average revenue estimate of $341.53 million.