MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — SPS Commerce Inc. (SPSC) on Thursday reported second-quarter earnings of $6.9 million.
On a per-share basis, the Minneapolis-based company said it had net income of 19 cents. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The provider of supply chain software services to businesses posted revenue of $197.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $195.1 million.
For the current quarter ending in September, SPS Commerce expects its per-share earnings to range from $1.20 to $1.23.
The company said it expects revenue in the range of $196.3 million to $198.3 million for the fiscal third quarter.
SPS Commerce expects full-year earnings in the range of $4.84 to $4.93 per share, with revenue ranging from $788.4 million to $793.4 million.
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