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.