Deluxe Corp. Raises FY18 Adj. EPS Outlook - Quick Facts

(RTTNews) - Deluxe Corp. (DLX) on Thursday increased its adjusted earnings guidance for the full year 2018 to a range of $5.68 to $5.80 per share from the prior forecast range of $5.60 to $5.80 per share.

However, revenue for the full year is now expected to be in the range of $2.045 billion to $2.065 billion, down from the prior guidance range between $2.055 billion and $2.075 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $5.70 per share on revenues of $2.06 billion for the year. Analysts' estimates typically exclude special items.

Further, the company established third-quarter adjusted earnings forecast in the range of $1.26 to $1.32 per share and revenue outlook between $496 million and $504 million. Analysts expect earnings of $1.44 per share on revenues of $535.05 million for the quarter.

For the second quarter, the company reported net income of $60.2 million or $1.25 per share, higher than $59.6 million or $1.22 per share in the prior-year quarter. Adjusted earnings per share were $1.40, compared to $1.29 per share in the year-ago quarter.

Total revenue for the quarter edged up 0.6 percent to $488.2 million from $485.2 million in the same quarter last year.

Analysts expected quarterly earnings of $1.31 per share on sales of $489.25 million.