MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — SPS Commerce Inc. (SPSC) on Thursday reported first-quarter net income of $18 million.
The Minneapolis-based company said it had profit of 48 cents per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The provider of supply chain software services to businesses posted revenue of $149.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $146.5 million.