Vistaprint Q3 Results Miss Estimates

(RTTNews) - Vistaprint N.V. (VPRT) reported net income for the third quarter of $1.4 million or $0.04 per share, compared to $5.9 million or $0.17 per share for the year-ago quarter.

Excluding items, adjusted net income for the third quarter was $8.3 million or $0.24 per share, compared to $16.9 million or $0.48 per share in the prior year quarter.

Revenue for the third quarter fell 1% to $286.2 million from $287.7 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.59 per share on revenue of $310.73 million for the third quarter. Analysts' estimates typically exclude special items.

For the full fiscal year ending June 30, 2014, the company expects revenue of $1.25 billion to $1.27 billion, earnings of $1.00 to $1.15 per share and adjusted earnings of $2.70 to $2.85 per share. Previously, the company forecast revenue of $1.235 billion to $1.265 billion, earnings of $1.55 to $1.80 per share and adjusted earnings of $2.68 to $2.93 per share.

Analysts currently expect the company to earn $2.86 per share on revenue of $1.25 billion for the fiscal year 2014.