Blackhawk Network Holdings Inc. changed its earnings guidance for the full 2017 year.
The company expects to see net income of $20 million to $24 million, or 35 cents to 42 cents per share, compared with the net income guidance affirmed in July of $22 million to $26 million, or 35 cents to 44 cents per share.
The company expects to generate operating revenue of $2.17 billion to $2.26 billion for the year, an increase from the previous guidance of $2.15 billion to $2.31 billion.
Adjusted net income for 2017 is still projected to range from $91 million to $100 million, or $1.56 to $1.70 per share.
The S&P Capital IQ consensus normalized EPS estimate for 2017 is $1.68.
For the third quarter, Blackhawk reported a net loss attributable to the company of $7.8 million, or a loss of 14 cents per share, compared with a net loss of $5.1 million, or a loss of 9 cents per share, in the same quarter of 2016.
Adjusted net income attributable to the company was $10.2 million, or 18 cents per share, up from $7.8 million, or 14 cents per share, in the year-ago quarter.
The S&P Capital IQ consensus normalized EPS estimate for the quarter was 11 cents.