Blackhawk Network Holdings Slips To Q1 Loss

(RTTNews) - Blackhawk Network Holdings Inc. (HAWK, HAWKB) Wednesday reported first-quarter net loss of $2.84 million or $0.06 per share, compared to net income of $346 thousand or $0.01 per share last year.

Adjusted earnings for the quarter improved to $0.05 per share from $0.04 per share last year. On average, 11 analysts polled by Thomson Reuters expected earnings of $0.05 per share for the quarter. Analysts' estimates typically exclude one-time items.

Total operating revenues for the quarter $233.1 million, up from $185.1 million last year. Analysts estimated revenues of $237.0 million for the quarter.