Cimpress (CMPR) Q4 Loss Wider Than Expected, Revenues Beat
Zacks Investment Research | Jul 26, 2017 09:17PM ET
Business services provider Cimpress N.V. (NASDAQ:CMPR) reported a wider GAAP loss for the fourth-quarter of fiscal 2017.
GAAP net loss for the quarter was $34.7 million or $1.11 per share against net income of $16.9 million or 51 cents per share in the year-ago quarter. The results were affected by the year-over-year impact of non-operational and non-cash currency on the quarter. The significant year-over-year decline in earnings despite top-line growth was primarily attributable to high operating expenses. The reported loss was wider than the Zacks Consensus Estimate of a loss of 1 cent.
For full fiscal 2017, GAAP net loss was $71.7 million or $2.29 per share against net income of $54.3 million or $1.64 per share in fiscal 2016.
Inside the Headlines
Total revenue in fiscal fourth quarter jumped 18% year over year to $564.3 million, beating the Zacks Consensus Estimate of $559.7 million. Excluding fluctuations from currency exchange rate and revenues from acquisitions during the past one year, revenues increased 9% year over year. For the full fiscal, the company recorded revenues of $2,135.4 million compared with $1,788 million in fiscal 2016. The improvement was primarily owing to better performance in the Upload and Print segment, partially offset by a decline in certain partner revenues.
Cimpress N.V Price, Consensus and EPS Surprise
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