NEW YORK (TheStreet) -- Shares of Blackhawk Network (HAWK) were advancing in after-hours trading on Tuesday after the company reported better-than-anticipated earnings for the 2016 third quarter.

After today's closing bell, the Pleasanton, CA-based gift card and digital payment solutions company posted adjusted earnings of 14 cents per diluted share, topping analysts' projections of 10 cents per share.

Adjusted operating revenue fell 5% to $168.9 million year-over-year. Analysts were looking for revenue of $189.3 million.

For 2016, Blackhawk sees adjusted earnings per diluted share between $1.45 and $1.64 on adjusted operating revenue of $897 million to $926 million.

Wall Street is forecasting earnings of $1.57 per share on revenue of $936 million for the full year.

More than 1.64 million of the company's shares traded today compared to its average volume of 703,494 shares per day.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures.

But the team also finds weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: HAWK

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