VistaPrint Limited (NASDAQ:VPRT) shares plummeted in after-hours trading after the online provider of marketing products reported a 77% slump in fiscal third-quarter profit that trailed analysts’ expectations.
GAAP net income decreased to $1.4 million, or $0.04 per share, in the quarter that ended March 31, from $5.9 million, or $0.17 per share, a year earlier, according to regulatory filing released on Tuesday. Excluding certain items, non-GAAP adjusted EPS was $0.24. Q3 revenue dropped 1% to $286.2 million. Wall Street’s consensus was for $0.59 per share in earnings and $310.7 million in revenue, according to Capital IQ estimates. For the full fiscal year ending June 30, the company projected non-GAAP adjusted EPS of $2.70 to $2.85. That forecast also fell short of analysts’ average estimate of $2.86 per share.
Silicon Image, Inc.(NASDAQ:SIMG) gained in late trading after beating analyst estimates for earnings and revenue. The chipmaker’s non-GAAP Q1 earnings rose 25% from a year earlier to $0.05 a share, beating the consensus estimate of $0.04 measure by Capital IQ. Revenue gained 0.3% to $61.6 million, beating the analyst forecast of $60.1 million.
The company estimated Q2 revenue of $71 million to $76 million, compared with the Wall Street estimate of $76.5 million. Silicon Image gained 0.8% to $6.10 a share in after-hours trading. It has traded from $4.71 to $7.16 in regular trading for the past 52 weeks.
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