Shares of Deluxe Corporation (NYSE: DLX) surged 5% in after-hours trading on Wednesday following the release of the company's better-than-expected first-quarter earnings report.
The financial technology company reported adjusted earnings per share of $0.75, surpassing the analyst consensus estimate of $0.71. This represents a 5.63% beat, despite a slight 1.32% decrease from the same period last year. Revenue for the quarter came in at $536.5 million, exceeding expectations of $525.42 million and marking a 2.11% increase over the previous year's figure.
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 also maintained its full-year 2025 outlook, indicating confidence in its performance for the remainder of the year. This positive earnings surprise and management's optimistic stance likely contributed to the stock's after-hours rally as investors responded favorably to Deluxe's financial strength and stability.
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