MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — SPS Commerce Inc. (SPSC) on Thursday reported first-quarter profit of $22.2 million.

The Minneapolis-based company said it had net income of 58 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to $1 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The provider of supply chain software services to businesses posted revenue of $181.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $179.5 million.

For the current quarter ending in June, SPS Commerce expects its per-share earnings to range from 87 cents to 90 cents.

The company said it expects revenue in the range of $184.5 million to $186.2 million for the fiscal second quarter.

SPS Commerce expects full-year earnings in the range of $3.86 to $3.93 per share, with revenue ranging from $758.5 million to $763 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPSC at https://www.zacks.com/ap/SPSC