Why Blackhawk Network Holdings (HAWK) Stock Is Up Today

NEW YORK (TheStreet) -- Blackhawk Network Holdings (HAWK) was gaining 6.7% to $28.44 Thursday after beating analysts' expectations for earnings and revenue in the second quarter.

For the second quarter Blackhawk Network reported earnings of 9 cents a share, beating analysts' estimates of 4 cents a share by 5 cents. Revenue grew 25.7% from the year-ago quarter to $283.9 million. Analysts surveyed by Thomson Reuters expected revenue of $257 million for the quarter.

"For the second consecutive quarter adjusted operating revenue growth was 29% driven by strong sales of open loop gift cards in the U.S., increases in international load value, and the addition of InteliSpend, the incentives and rewards business we acquired in late 2013," CEO Bill Tauscher said in a press release. "Worldwide load value grew 36%, or 25% excluding acquisitions, and international accounted for 21% of total load value during the second quarter."

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TheStreet Ratings team rates BLACKHAWK NETWORK HLDGS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate BLACKHAWK NETWORK HLDGS INC (HAWK) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in stock price during the past year and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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