Vistaprint N.V. (NASDAQ:VPRT) in the second quarter as profit dropped from a year earlier. Net income for the business services company fell to $31.7 million (82 cents per share) vs. $34 million (75 cents per share) a year earlier. This is a decline of 6.8% from the year earlier quarter. Revenue rose 28.1% to $299.9 million from the year earlier quarter. VPRT reported adjusted net income of 97 cents per share. By that measure, the company beat the mean estimate of 61 cents per share. Analysts were expecting revenue of $297.1 million.
“We are very pleased with our second quarter,” said Robert Keane, president and chief executive officer. “The quarter reflects momentum in our strategy initiatives and investment in resources which we are confident will lead to future growth. Revenue was in the upper half of our guidance range due to strong sales of holiday and small business products during our seasonally strongest quarter of the year. Earnings per share excluding gains from our recent share repurchase activity exceeded our expectations due to a favorable non-operational foreign currency benefit, favorability in our tax rate, the timing of some planned operating expenses, and gross margin improvements. We were able to deliver these great results in the organic business while negotiating, performing due diligence, carrying out closing activities and planning integration activities for two acquisitions.”
Competitors to Watch: R.R. Donnelley & Sons Co. (NASDAQ:RRD), Multi-Color Corporation (NASDAQ:LABL), InnerWorkings, Inc. (NASDAQ:INWK), Consolidated Graphics, Inc. (NYSE:CGX), Champion Industries, Inc. (NASDAQ:CHMP), Cenveo, Inc. (NYSE:CVO), Centro Grafico Cegrafico SA (AMEX:CGR), Office Depot (NYSE:ODP), OfficeMax (NYSE:OMX), Staples (NASDAQ:SPLS) and FedEx Kinko’s (NYSE:FDX).
DeVry Inc. (NYSE:DV) reported its results for the second quarter. Net income for the education and training services company fell to $8.9 million (13 cents per share) vs. $88.7 million ($1.25 per share) a year earlier. This is a decline of 90% from the year earlier quarter. Revenue fell 5% to $524 million from the year earlier quarter. DV reported adjusted net income of 92 cents per share. By that measure, the company fell short of mean estimate of $1 per share. It fell short of the average revenue estimate of $535.5 million.
“We are disappointed with these results,” said Daniel Hamburger, DeVry’s president and chief executive officer. “We are focused on improving our performance by implementing initiatives that will drive revenue growth, while controlling costs. Our performance improvement plan is aimed at increasing new student enrollments, and generating operating efficiencies to reduce expenses, while balancing the necessary investments in academic quality and student services for longer-term growth.”
Competitors to Watch: Apollo Group, Inc. (NASDAQ:APOL), Career Education Corp. (NASDAQ:CECO), American Public Education, Inc. (NASDAQ:APEI), National American Univ. Hldgs., Inc. (NASDAQ:NAUH), Corinthian Colleges, Inc. (NASDAQ:COCO), Grand Canyon Education Inc (NASDAQ:LOPE), Bridgepoint Education, Inc. (NYSE:BPI), Education Management Corp (NASDAQ:EDMC), Strayer Education, Inc. (NASDAQ:STRA), and The Washington Post Co. (NYSE:WPO).
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