Blackhawk Network Holdings Q3 Profit Down - Quick Facts

(RTTNews) - Blackhawk Network Holdings, Inc. (HAWK), a provider of prepaid products and payment services, Thursday reported a decrease in the third-quarter net income, reflecting increase in expenses, which offset the higher revenues.

Net income attributable to the company was $2.3 million or $0.04 per share, compared with $3.09 million or $0.06 per share during the same period last year.

Adjusted net income was $4 million or $0.08 per share for the third quarter.

On average, ten analysts polled by Thomson Reuters expected earnings per share of $0.05 for the quarter. Analysts' estimates typically exclude one-time items.

Total operating expenses for the three-month period increased to $202.2 million, from $160.4 million a year earlier. 

Operating revenues totaled $206 million, an increase of 25 percent from $164.7 million a year ago. The Street, however, had expected the company to generate revenues of $210.94 million for the quarter.