updatedits full-year 2016 outlook.

The companyprovided its GAAP outlook for the year, expecting operating revenues in the rangeof $1.95 billion to $2.01 billion, net income of $13 million to $25 million, andEPS of 22 cents to 41 cents.

Blackhawk NetworkHoldings also revised its non-GAAP guidance for the year. The company now expectsadjusted net income of $83 million to $94 million, adjusted EPS of $1.45 to $1.64and adjusted operating revenues of $897 million to $926 million. The company previouslyexpected adjusted netincome to be between $144 million and $155 million, adjusted EPS to be in the rangeof $2.47 to $2.66 and adjusted operating revenues to be $906 million to $957 million.

The companystill expects adjusted EBITDA to be between $200 million and $218 million.

The S&PCapital IQ consensus normalized EPS estimate for 2016 is $2.57.

Blackhawk NetworkHoldings said the updated guidance includes an estimated EMV impact on the company'sfinancial performance.

The companyreported a third-quarter GAAP net loss of $5.1 million, or 9 cents per share, comparedwith a GAAP net loss of $3.6 million, or 7 cents per share, in the year-ago period.Adjusted net income for the most recent quarter was $7.8 million, or 14 cents pershare, compared with $9.7 million, or 17 cents per share, in the third quarter of2015.

The S&PCapital IQ consensus normalized EPS estimate for the third quarter was 32 cents.