Shares of Deluxe Corporation (NYSE: DLX) are surging 9.59% in pre-market trading on Thursday, building on the momentum from Wednesday's after-hours session. The significant upward movement comes after the financial technology company reported better-than-expected first-quarter earnings results.
Deluxe announced adjusted earnings per share of $0.75 for Q1 2025, surpassing the analyst consensus estimate of $0.71. This represents a 5.63% beat, despite a slight 1.32% year-over-year decrease. Revenue for the quarter came in at $536.5 million, exceeding expectations of $525.42 million and marking a modest 0.28% increase from the previous year.
Barry C. McCarthy, President and CEO of Deluxe, commented on the results, stating, "We reported a strong start to 2025, demonstrating consistent operating leverage across the portfolio." The company has maintained its full-year 2025 outlook ranges, suggesting confidence in its performance for the remainder of the year. Investors appear to be responding positively to Deluxe's financial strength and stability, as reflected in the pre-market stock surge.