Vistaprint Financials Suffer From Strategy Shift

GAAP net income attributable to Vistaprint for the third quarter was $1.4 million, or 0.5 percent of revenue, representing a 77 percent decrease compared to $5.9 million, or 2.0 percent of revenue in the same quarter a year ago. During the quarter, Vistaprint incurred transaction costs of $3.4 million related to two recently-announced acquisitions. GAAP net income per diluted share for the third quarter was $0.04, versus $0.17 in the same quarter a year ago.