BlackhawkNetwork Holdings Inc. has updated its for full year 2016.
Adjusted EBITDA is now estimated to be between $200 millionand $218 million, compared with the previous estimate of $196 million to $216million.
Adjusted net income should range from $144 million to $155million, compared with the previous estimate of $142 million to $154 million.
Adjusted EPS is expected be between $2.47 and $2.66,compared with previous guidance of $2.44 to $2.63.
Adjusted operating revenues should be between $906 millionand $957 million, compared with previous guidance of $932 million to $1.00billion.
Blackhawk said the new guidance includes a revised estimateof the negative impact related to certain distribution partners' EMV noncompliance.
The S&P Capital IQ consensus normalized EPS estimate forthe year is $2.52.
The company reported a second-quarter GAAP net loss of $11.3million, or a loss of 20 cents per share, compared with GAAP net income of $2.9million, or 5 cents per share, in the second quarter of 2015. Adjusted netincome for the quarter was $21.0 million, or 37 cents per share, compared with$24.3 million, 43 cents per share, in the year-ago period.
The S&P Capital IQ consensus normalized EPS estimate forthe second quarter was 28 cents.