Deluxe Q3 Profit Rises, Lifts Full-Year Adj. EPS View

(RTTNews) - Deluxe Corp. (DLX) reported third-quarter net income of $46.9 million or $0.92 per share, higher than $41.5 million or $0.81 per share in the prior year.

On an adjusted basis, earnings were $0.96 per share, while the company posted $0.85 per share last year.

On average, two analysts polled by Thomson Reuters expected the company to report earnings of $0.92 per share for the quarter. Analysts' estimates typically exclude special items.

Deluxe provides printed products, forms, and marketing solutions to small businesses and financial institutions.

Total revenue increased 5.2% to $398.1 million from $378.3 million a year ago, while analysts estimated $396.05 million.

Looking ahead to the fourth quarter, the company expects adjusted earnings to be in the range of $0.95 to $1.02 per share. Revenues are expected to be between $411 million and $421 million. Analysts expect earnings of $0.97 per share, on revenues of $409.95 million for the quarter.

For full-year 2013, the company now forecast adjusted earnings to be in the range of $3.78 to $3.85 per share, up from the earlier guidance of $3.72 to $3.82 per share.

The firm now anticipates full-year revenues of $1.578 billion to $1.588 billion, while the company's prior guidance was for revenues of $1.570 billion to $1.590 billion.

In addition, the board has declared a regular quarterly dividend of $0.25 per share, to shareholders of record on November 18, 2013, payable on December 2.