SPS Commerce: Q2 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — SPS Commerce Inc. (SPSC) on Thursday reported second-quarter net income of $14.7 million.

On a per-share basis, the Minneapolis-based company said it had net income of 39 cents. Earnings, adjusted for one-time gains and costs, were 69 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The provider of supply chain software services to businesses posted revenue of $130.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $128.5 million.

For the current quarter ending in September, SPS Commerce expects its per-share earnings to range from 65 cents to 67 cents.

The company said it expects revenue in the range of $133.6 million to $134.4 million for the fiscal third quarter.

SPS Commerce expects full-year earnings in the range of $2.69 to $2.72 per share, with revenue ranging from $528.5 million to $530 million.

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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