MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — SPS Commerce Inc. (SPSC) on Thursday reported fourth-quarter net income of $25.8 million.
On a per-share basis, the Minneapolis-based company said it had net income of 68 cents. Earnings, adjusted for one-time gains and costs, came to $1.14 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share.
The provider of supply chain software services to businesses posted revenue of $192.7 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $193.5 million.
For the year, the company reported profit of $93.3 million, or $2.46 per share. Revenue was reported as $751.5 million.
For the current quarter ending in March, SPS Commerce expects its per-share earnings to range from 95 cents to 99 cents.
The company said it expects revenue in the range of $191.6 million to $193.6 million for the fiscal first quarter.
SPS Commerce expects full-year earnings in the range of $4.42 to $4.50 per share, with revenue ranging from $798.5 million to $806.9 million.
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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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