Professional marketing services specialist VistaPrint (NASDAQ:CMPR) reported fiscal 2014 first-quarter results after the markets closed today, posting total revenues of $275.1 million, a 9.4% gain from the $251.4 million in the same period of the previous year and pretty much in-line with the $273.7 million Capital IQ consensus estimates.
Adjusted net income was $11.3 million, or $0.32 per share, up 26 % from $8.9 million, or $0.25 per share, in Q1 2013, but $0.06 per share below the CapIQ estimate of $0.38.
VistaPrint's GAAP earnings were negatively affected by unrealized non-cash losses of $4.9 million on currency hedges that weren't designated for hedge accounting. Regardless, the marketer doesn't expect the hedging activity to have a material impact on earnings for the full year relative to its previous guidance for fiscal 2014.
Now offered on an annual basis, VistaPrint's guidance anticipates revenue of between $1.25 billion and $1.3 billion, a narrower range than its previous range of $1.235 billion to $1.285 billion, but also in line with estimates. It also expects per share GAAP net income of between $1.35 and $1.70, the same range as it previously announced.
VistaPrint's stock closed the day up 2.2%, or $1.17, to $54.76.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends VistaPrint. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.