UPDATE 1-VistaPrint Q4 results beat Wall Street

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Thu Jul 31, 2008 5:51pm EDT

(Recasts; adds details, share movement)

July 31 (Reuters) - VistaPrint Ltd (VPRT.O), an online supplier of graphic design services, posted a better-than-expected quarterly profit as it added new customers and non-U.S. market revenue grew, sending its shares up 9 percent.

However, it forecast first-quarter earnings below market expectations.

The company reported net income of $10.3 million, or 22 cents a share, for the fourth quarter ended June 30, compared with $5.4 million, or 12 cents a share, a year earlier.

Excluding items, it reported earnings of 32 cents a share. Revenue rose about 52 percent to $110.4 million.

Analysts on average expected earnings of 30 cents a share, before special items, on revenue of $107.1 million, according to Reuters Estimates.

Non-U.S. markets contributed 39 percent of total revenue in the fourth quarter, up from 32 percent a year earlier. The company added about 1.2 million new customers in the quarter.

For the first quarter ending September 30, the company forecast earnings of 25 cents to 28 cents a share, excluding items, on revenue of $112 million to $116 million.

Analysts on average expected the company to earn 30 cents, excluding items, on revenue of $110.6 million, according to Reuters Estimates.

For the full-year ending June 30, 2009, VistaPrint expects earnings of $1.50 to $1.60 a share on revenue of $540 million to $570 million.

Analysts on average were expecting earnings of $1.56 a share on revenue of $535.7 million.

VistaPrint shares rose to $28.20 in trading after the bell. They closed down 7.5 percent at $25.77 Thursday on Nasdaq. (Reporting by Anand Basu in Bangalore; Editing by Pratish Narayanan)

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