November 3, 2010 / 8:34 PM / 8 years ago

UPDATE 1-Points International posts Q3 profit

* Revenue up 13 pct at $23.5 mln

* Reiterates FY outlook

Nov 3 (Reuters) - E-commerce and technology services provider Points International Ltd (PTS.TO) posted a third-quarter profit, helped by better margins, and reiterated its full-year outlook.

For July-September, the company, which owns and operates reward program management website, reported net income of $1.1 million, or 1 cent per share, compared with a net loss of $265,000, or breakeven a share, last year.

Revenue rose 13 percent to $23.5 million.

One analyst expected the company to earn 1 cent a share on revenue of $23.8 million, according to Thomson Reuters I/B/E/S.

The company said it expects to post a profit for the full year on revenue of $85-$95 million.

Gross margin for the quarter stood at 22.2 percent of revenue, compared with 18.1 percent of revenue in the comparable quarter last year.

The Toronto, Ontario-based company’s shares, which have gained nearly a fifth in value since it reported second-quarter results in August, closed at 80 Canadian cents Wednesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Anne Pallivathuckal)

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below