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SPS Commerce: 4Q Earnings Snapshot

MINNEAPOLIS (AP) _ SPS Commerce Inc. (SPSC) on Thursday reported fourth-quarter profit of $9.2 million.

The Minneapolis-based company said it had profit of 25 cents per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The provider of supply chain software services to businesses posted revenue of $72.7 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $72.6 million.

For the year, the company reported profit of $33.7 million, or 94 cents per share. Revenue was reported as $279.1 million.

For the current quarter ending in April, SPS Commerce expects its per-share earnings to range from 31 cents to 32 cents.

The company said it expects revenue in the range of $73.6 million to $74.2 million for the fiscal first quarter.

SPS Commerce expects full-year earnings in the range of $1.34 to $1.37 per share, with revenue ranging from $306.5 million to $308.5 million.

SPS Commerce shares have increased slightly more than 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $60.04, an increase of 13% in the last 12 months.


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