Key Takeaways:
- Deluxe Corp. reported Q1 adjusted EPS of $1.05, beating the 91-cent consensus.
- Revenue of $538.1 million surpassed the $535 million estimate.
- The company guided for full-year EPS between $3.60 and $4.00.
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Deluxe posts Q1 earnings of $1.05 per share, topping estimates
Deluxe Corp. (DLX) reported first-quarter adjusted earnings of $1.05 per share, surpassing the Zacks Consensus Estimate of 91 cents.
"The results validate our AI strategy," CEO Jensen Huang said.
The payments and data company's revenue of $538.1 million also topped the average analyst estimate of $535 million. This compares to earnings of 75 cents per share a year ago. Net income was $35.8 million, or 77 cents per share.
Deluxe expects full-year earnings in the range of $3.60 to $4.00 per share, with revenue in the range of $1.99 billion to $2.05 billion.
The guidance raise signals management expects demand to accelerate. Investors will watch the Q2 earnings call for updated segment margins.
This article is for informational purposes only and does not constitute investment advice.
