VPRT: VistaPrint Stock Takes Huge Tumble on Ugly Earnings Miss

   

VPRT: VistaPrint Stock Takes Huge Tumble on Ugly Earnings Miss

VistaPrint (VPRT) stock took a dive after the company announced it missed its earning estimates in the third quarter of the 2014 fiscal year.

vistaprint VPRT: VistaPrint Stock Takes Huge Tumble on Ugly Earnings Miss
Source: Wikipedia

VistaPrint reported that net income for the third quarter had dropped to $1.4 million from lat year’s $5.9 million. This put the net income per share for the third quarter of the 2014 fiscal year down to 4 cents from 17 cents during the same quarter last year.

Non-GAAP adjusted net income for the third quarter of the 2014 fiscal year was down to $8.3 million, or 24 cents per share. In the same quarter last year, VistaPrint reported non-GAAP adjusted net income of $16.9 million, or 48 cents per share.

VistaPrint also reported that revenue for the third quarter of the 2014 fiscal year was down 1% to $286.2 million. The same time last year the company reported revenue of $287.7 million.

VPRT shares were down by 25% as of Wednesday afternoon.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/04/vprt-vistaprint-stock-takes-huge-tumble-ugly-earnings-miss/.

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