Deluxe Q2 Results Beat View, Lifts Full-year Outlook - Quick Facts

(RTTNews) - Deluxe Corp. (DLX) reported that its second-quarter net income increased to $48.2 million or $0.94 per share from $42.3 million or $0.82 per share in the same period last year.

Adjusted earnings per share for the quarter were $0.96, compared to $0.85 per share in the prior-year period. On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.88 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter rose 3 percent to $381.4 million from $371.0 million in the year-ago period. Analysts had a consensus revenue estimate of $379.55 million.

The increase in revenues were driven by 8 percent growth in Small Business Services. Marketing solutions and other services revenue increased 21 percent from last year.

Looking ahead to the third quarter, Deluxe forecasts earnings in a range of $0.87 to $0.92 per share, adjusted earnings per share of $0.88 to $0.93 per share, and revenue in a range of $392 million to $400 million. Street expects the company to earn $0.93 per share for the quarter on revenues of $391.05 million.

For fiscal 2013, Deluxe now forecasts reported earnings of $3.66 to $3.76 per share, adjusted earnings of $3.72 to $3.82 per share, and revenue in a range of $1.57 to $1.59 billion. Earlier, the company forecast earnings of $3.61 to $3.76 per share, adjusted earnings of $3.65 to $3.80 per share, and revenues in a range of $1.545 billion to $1.575 billion.

Analysts expect the company to report earnings of $3.68 per share for the year on revenues of $1.56 billion.