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HAMILTON — VistaPrint Ltd., which sells business cards and other marketing products to small businesses said Thursday it expects its first quarter profit to come in below Wall Street estimates.
VistaPrint said it expects to make 20 to 23 cents per share in its first quarter and $1.37 to $1.49 for the full fiscal year.
Discounting expenses for stock-based compensation, VistaPrint said earnings are expected to be 32 to 35 cents for the first quarter and $1.83 to $1.95 for the year.
VistaPrint is projecting revenue of $135 million to $140 million for the quarter and $605 million to $635 million for the year.
Analysts surveyed by Thomson Reuters, who typically discount expenses for stock-based compensation, are forecasting a profit of 40 cents a share in the first quarter and $1.94 per share on revenue of $598 million.
VistaPrint also said it expects to make capital expenditures of approximately $75 million to $90 million, including expansion of the company's Canadian manufacturing facility.
VistaPrint reported a 42 percent increase in fourth-quarter profit Thursday as the number of customers and orders grew.
VistaPrint said it made $14.7 million, or 33 cents per share, for the quarter ended June 30 compared with profit of $10.3 million, or 22 cents per share, in the year ago-quarter.
Discounting stock-based compensation expenses, VistaPrint said it made 43 cents a share in the quarter compared with 32 cents a share, in last year's fourth quarter.
Revenue rose 22 percent to $135.2 million from $110.4 million.
Analysts surveyed by Thomson Reuters expected profit of 39 cents per share on revenue of $128 million. The estimate typically excludes charges for stock-based compensation.
The company said it added 1.4 million customers during the quarter and that advertising spending rose 18 percent to $24.7 million. Average daily order volume rose 33 percent in the quarter from the year-ago period.
The results were released after the stock market closed. VistaPrint shares, which rose $1.24 during the regular session to $43.14, fell $2.27, or 5 percent, in after-hours trading. The stock has traded between $11.75 and $45.75 over the past year.
