Vistaprint Q1 Profit Soars; Backs 2015 EPS Outlook, Trims Revenue - Quick Facts

(RTTNews) - Vistaprint N.V. (VPRT) reported net income for the first quarter of $23.69 million or $0.71 per share, sharply higher $0.41 million or $0.01 per share for the year-ago quarter.

Excluding items, adjusted net income for the quarter was $28.71 million or $0.86 per share, compared to $16.11 million or $0.46 per share in the prior-year quarter.

Revenue for the quarter grew 21 percent to $333.93 million from $275.09 million in the same quarter last year. Excluding currency fluctuations and acquisitions, revenue grew only 6 percent.

On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share on revenues of $333.11 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2015, the company continues to expect adjusted earnings in a range of $3.46 to $3.96 per share, while projecting revenues between $1.43 billion and $1.50 billion, down from the prior outlook between $1.47 billion and $1.54 billion.

Street is currently looking for full-year 2015 earnings of $3.68 per share on revenues of $1.49 billion.