Deluxe Q3 Earnings Top Wall Street

(RTTNews) - Deluxe Corp. (DLX) Thursday reported third-quarter net loss of $318.5 million or $7.49 per share, wider than last year's loss of $31.1 million or $0.67 per share last year.

Third-quarter results including non-cash asset impairment charges of $391.0 million related to past acquisitions. On an adjusted basis, earnings were $1.71 per share.

Revenues for the quarter was $493.6 million, relatively flat with last year's revenues of $493.2 million.

Analysts polled by Thomson Reuters expected earnings of $1.59 per share and revenues of $496.2 million.

Looking forward to 2019, the company affirmed its revenue and adjusted earnings outlook guidance.