SPS Commerce: 4Q Earnings Snapshot

MINNEAPOLIS (AP) _ SPS Commerce Inc. (SPSC) on Thursday reported fourth-quarter earnings of $13.5 million.

On a per-share basis, the Minneapolis-based company said it had net income of 37 cents. Earnings, adjusted for one-time gains and costs, came to 40 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The provider of supply chain software services to businesses posted revenue of $83.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $80.7 million.

For the year, the company reported profit of $45.6 million, or $1.26 per share. Revenue was reported as $312.6 million.

For the current quarter ending in April, SPS Commerce expects its per-share earnings to range from 36 cents to 37 cents.

The company said it expects revenue in the range of $86.8 million to $87.8 million for the fiscal first quarter.

SPS Commerce expects full-year earnings in the range of $1.58 to $1.62 per share, with revenue ranging from $363 million to $366 million.

SPS Commerce shares have risen almost 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $110.32, a rise of 91% 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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