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Deluxe Corp. (DLX) Tops Q2 EPS by 9c, Lifts Low End of FY EPS Ranges

July 25, 2013 8:33 AM EDT
Deluxe Corp. (NYSE: DLX) reported Q2 EPS of $0.96, $0.09 better than the analyst estimate of $0.87. Revenue for the quarter came in at $381.4 million versus the consensus estimate of $376.5 million.

Deluxe Corp. sees Q3 2013 EPS of $0.88-$0.93, versus the consensus of $0.93. Deluxe Corp. sees Q3 2013 revenue of $392-400 million, versus the consensus of $391.05 million.

Deluxe Corp. sees FY2013 EPS of $3.66-$3.76, versus prior guidance of $3.61-$3.76 and the consensus of $3.68. Deluxe Corp. sees FY2013 revenue of $1.57-1.59 million, versus prior guidance of $1.545-1.575 million and the consensus of $1.56 million.

We delivered another very strong quarter while continuing to advance our transformation,” said Lee Schram, CEO of Deluxe. “Revenue in the second quarter was at the upper end of our outlook, adjusted EPS exceeded our outlook and operating cash flow was strong, all driven by favorable performance particularly in both Small Business Services and Financial Services. Marketing solutions and other services revenue grew 21% over last year and will further benefit from the acquisition of VerticalResponse. Our strong first half of the year positions us well to grow revenue in 2013 for a fourth consecutive year.”

Commenting on the recent VerticalResponse acquisition, Schram noted, “VerticalResponse accelerates our web-based growth efforts with small businesses, adding valuable online promotional and internet marketing services capabilities. This is a great opportunity for us to strengthen our offerings to small businesses and add a seasoned management team.”

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


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