Blackhawk Network Holdings, Inc. Bottom Line Drops 86% In Q1

(RTTNews) - Blackhawk Network Holdings, Inc. (HAWK) revealed earnings for first quarter that dropped compared to the same period last year.

The company said its earnings totaled $1.4 million, or $0.02 per share. This was lower than $9.8 million, or $0.17 per share, in last year's first quarter.

Analysts had expected the company to earn -$0.04 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.3% to $212.8 million. This was up from $184.6 million last year.

Blackhawk Network Holdings, Inc. earnings at a glance:

-Earnings (Q1): $1.4 Mln. vs. $9.8 Mln. last year. -Earnings Decline (Y-o-Y): -85.7% -EPS (Q1): $0.02 vs. $0.17 last year. -EPS Decline (Y-o-Y): -88.2% -Analysts Estimate: -$0.04 -Revenue (Q1): $212.8 Mln vs. $184.6 Mln last year. -Revenue Change (Y-o-Y): 15.3%

-Guidance: Full year EPS guidance: $1.56 to $1.70 Full year revenue guidance: $1028 - $1141 Mln