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By Stephen Nakrosis
Shares of Cimpress were trading higher in the after-hours market following the release of second-quarter financial results that showed the company swinging to a gain.
The company also said Wednesday its board authorized the repurchase of up to $150 million of its shares.
After the bell, Cimpress shares had risen almost 13% to trade at $84.99 each. The stock hit a 52-week high of $83.35 on Dec. 27.
The company reported second-quarter earnings per share of $2.14 on revenue of $921.3 million. In the year-ago period, the company reported a loss per share of $5.34 on revenue of $845.2 million.
“We now expect consolidated FY2024 reported revenue growth (assuming recent currency rates) of at least 7% and organic constant-currency revenue growth of at least 5%,” the company said.
Write to Stephen Nakrosis at [email protected]
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