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SPS Commerce beats Street 1Q forecasts

MINNEAPOLIS (AP) _ SPS Commerce Inc. (SPSC) on Thursday reported first-quarter profit of $3 million.

The Minneapolis-based company said it had profit of 17 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 25 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The provider of supply chain software services to businesses posted revenue of $51.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $51.8 million.

For the current quarter ending in July, SPS Commerce expects its per-share earnings to range from 18 cents to 20 cents.

The company said it expects revenue in the range of $53.4 million to $53.9 million for the fiscal second quarter.

SPS Commerce expects full-year earnings in the range of 83 cents to 85 cents per share, with revenue ranging from $220 million to $222 million.

SPS Commerce shares have decreased 20 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.15, a climb of 12 percent 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

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Keywords: SPS Commerce, Earnings Report