Deluxe Corp. (DLX) Tops Q3 EPS by 44c

Deluxe Corp. (NYSE: DLX) reported Q3 EPS of $1.47, $0.44 better than the analyst estimate of $1.03. Revenue for the quarter came in at $439.5 million versus the consensus estimate of $417.45 million.

Outlook

Due to the significant ongoing uncertainties in the macro-economic environment, the Company previously withdrew its 2020 outlook and is not providing detailed fourth quarter 2020 or full year 2021 financial guidance at this time.

The Company does expect fourth quarter 2020 year-over-year revenue performance on a percentage basis to be softer than third quarter 2020 due to expected COVID-related delays in customer implementations of new wins and data campaigns. This will be most evident in Payments, where the Company expects a temporary slowing of double-digit growth to low/mid-single digit growth. The Company is confident in Payments’ growth prospects and expects overall margins to remain in the long-term target range.

For earnings history and earnings-related data on Deluxe Corp. (DLX) click here.

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