SPS Commerce: Q1 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — SPS Commerce Inc. (SPSC) on Thursday reported first-quarter net income of $18 million.

The Minneapolis-based company said it had profit of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The provider of supply chain software services to businesses posted revenue of $149.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $146.5 million.

For the current quarter ending in June, SPS Commerce expects its per-share earnings to range from 75 cents to 76 cents.

The company said it expects revenue in the range of $150.9 million to $151.7 million for the fiscal second quarter.

SPS Commerce expects full-year earnings in the range of $3.28 to $3.32 per share, with revenue ranging from $619.9 million to $621.9 million.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPSC at https://www.zacks.com/ap/SPSC

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