Deluxe Q3 Earnings Top Wall Street

(RTTNews) - Deluxe Corp. (DLX) Thursday reported third-quarter net loss of $318.5 million or $7.49 per share, wider than last year's loss of $31.1 million or $0.67 per share last year.

Third-quarter results including non-cash asset impairment charges of $391.0 million related to past acquisitions. On an adjusted basis, earnings were $1.71 per share.

Revenues for the quarter was $493.6 million, relatively flat with last year's revenues of $493.2 million.

Analysts polled by Thomson Reuters expected earnings of $1.59 per share and revenues of $496.2 million.

Looking forward to 2019, the company affirmed its revenue and adjusted earnings outlook guidance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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