MINNEAPOLIS (AP) _ SPS Commerce Inc. (SPSC) on Thursday reported third-quarter earnings of $8.9 million.
On a per-share basis, the Minneapolis-based company said it had profit of 25 cents. Earnings, adjusted for one-time gains and costs, came to 33 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The provider of supply chain software services to businesses posted revenue of $70.9 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $70.1 million.
For the current quarter ending in December, SPS Commerce expects its per-share earnings to range from 29 cents to 30 cents.
The company said it expects revenue in the range of $72.2 million to $72.8 million for the fiscal fourth quarter.
SPS Commerce expects full-year earnings in the range of $1.21 to $1.23 per share, with revenue ranging from $278.6 million to $279.2 million.
SPS Commerce shares have risen 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $48.75, an increase of 19% in the last 12 months.