Originally published at www.seclive.com
Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) reported great gains in its third quarter financial results for the fiscal year 2013. After certain one-time charges, Blackhawk net income increased 134% from $1.7M to $4.0M, with earnings per share improving from $0.03 this quarter last year to $0.08. Revenues were up 25% from $164.7M to $206.0M, due primarily to a 53% increase in product sales as well as a few other contributing factors including marketing. CEO Bill Tauscher remarked that the company has been able to improve its operating expenses while leveraging continued growth. Distributor partnerships also continued to help the business, which was reported and in-line with recent trends.
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