Deluxe Hits 5-Year High After Earnings Beat
Posted on January 24, 2013 at 15:14 PM EST
Deluxe (DLX) shares hit a five-year high after the marketing company reported fourth-quarter earnings above expectations. Shares were up nearly 7% to 35.94 in afternoon trading Thursday. The creator of websites and logos said fourth-quarter earnings jumped 15% to 95 cents per share, beating analyst estimates by 10 cents. Sales rose 3% to $378.6 million, under estimates of $380 million. Gross margin was flat at 64.5% of revenue. Deluxe's Small