April 29 Online printing services provider
Vistaprint NV reported lower-than-expected quarterly
revenue due to lower customer additions as it shifts from
offering deep discounts.
Shares of the company fell as much as 21 percent in extended
trading on Tuesday.
Net income more than halved to $1.4 million, or 4 cents per
share, in the third quarter ended March 31 from $5.9 million, or
17 cents per share, a year earlier.
Excluding items, the company earned 24 cents per share.
Revenue was virtually flat at $286.2 million, far short of
the $310.7 million analysts on average had expected, according
to Thomson Reuters I/B/E/S.
(Reporting by Sampad Patnaik in Bangalore; Editing by Savio