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SPS Commerce: Q2 Earnings Snapshot
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MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — SPS Commerce Inc. (SPSC) on Thursday reported second-quarter earnings of $6.9 million.

On a per-share basis, the Minneapolis-based company said it had net income of 19 cents. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The provider of supply chain software services to businesses posted revenue of $197.8 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $195.1 million.

For the current quarter ending in September, SPS Commerce expects its per-share earnings to range from $1.20 to $1.23.

The company said it expects revenue in the range of $196.3 million to $198.3 million for the fiscal third quarter.

SPS Commerce expects full-year earnings in the range of $4.84 to $4.93 per share, with revenue ranging from $788.4 million to $793.4 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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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