Company beats estimates and announces share repurchase

  • Cimpress shares hit a 52-week high after beating 2Q earnings estimates
  • Stock soared 21% to $91.70
  • Shares are up about 156.1% in the past 12 months
  • Second-quarter earnings per share of $2.14 on revenue of $921.3 million
  • Board authorized the repurchase of up to $150 million of its shares
  • Company expects revenue growth of at least 7% and organic constant-currency revenue growth of at least 5%

Cimpress shares reached a new high after the company reported better-than-expected second-quarter earnings. The stock surged 21% to $91.70, marking a 52-week high. Over the past year, shares have seen a remarkable increase of approximately 156.1%. In the second quarter, Cimpress achieved earnings per share of $2.14 on revenue of $921.3 million, surpassing analysts’ estimates. Additionally, the company’s board authorized the repurchase of up to $150 million of its shares. Looking ahead, Cimpress anticipates revenue growth of at least 7% and organic constant-currency revenue growth of at least 5%.

Public Companies: Cimpress (N/A)
Private Companies:
Key People: Kailyn Rhone (Author)

Factuality Level: 8
Justification: The article provides factual information about Cimpress’ second-quarter results, including their earnings per share and revenue. It also mentions the company’s stock performance and the authorization of share repurchase. The information is supported by the fact that it beat Wall Street estimates and provides specific numbers. However, the article is very short and lacks in-depth analysis or context.

Noise Level: 3
Justification: The article provides a brief summary of Cimpress’ second-quarter results, including their earnings per share and revenue. However, it lacks in-depth analysis, context, and any mention of the factors contributing to the company’s success. It also does not provide any actionable insights or explore the consequences of the company’s performance on stakeholders.

Financial Relevance: Yes
Financial Markets Impacted: Cimpress shares

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to the financial performance of Cimpress, a graphic design and printed products company. It reports on the company’s second-quarter results, which beat Wall Street estimates, leading to a significant increase in the company’s stock price. There is no mention of any extreme events or their impact.

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