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Deluxe reports earnings

SHOREVIEW, Minn. (AP) — Deluxe Corp. (DLX) on Thursday reported fourth-quarter net income of $44.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Shoreview, Minnesota-based company said it had profit of $1.06. Earnings, adjusted for one-time gains and costs, were $1.94 per share.

The provider of graphic arts design and check printing services posted revenue of $522.1 million in the period.

For the year, the company reported a loss of $199.9 million, or $4.65 per share, swinging to a loss in the period. Revenue was reported as $2.01 billion.

For the current quarter ending in April, Deluxe expects its per-share earnings to range from $1.15 to $1.25.

The company said it expects revenue in the range of $490 million to $505 million for the fiscal first quarter.

Deluxe expects full-year earnings in the range of $5.50 to $5.95 per share, with revenue ranging from $2 billion to $2.04 billion.

Deluxe shares have dropped 2.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $48.65, decreasing slightly 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 DLX at https://www.zacks.com/ap/DLX

Copyright 2020 The Associated Press.

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