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SPS Commerce: 3Q Earnings Snapshot

·1 min read

MINNEAPOLIS (AP) _ SPS Commerce Inc. (SPSC) on Wednesday reported third-quarter profit of $11.4 million.

The Minneapolis-based company said it had net income of 31 cents per share. Earnings, adjusted for one-time gains and costs, came to 39 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The provider of supply chain software services to businesses posted revenue of $79.6 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $76.9 million.

For the current quarter ending in December, SPS Commerce expects its per-share earnings to range from 33 cents to 34 cents.

The company said it expects revenue in the range of $80 million to $80.5 million for the fiscal fourth quarter.

SPS Commerce expects full-year earnings in the range of $1.48 to $1.49 per share, with revenue ranging from $309.3 million to $309.8 million.

SPS Commerce shares have risen 49% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $82.72, a climb of 59% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPSC at https://www.zacks.com/ap/SPSC