trending Market Intelligence /marketintelligence/en/news-insights/trending/-ee7z3JWrTd2wWGaRPqy3w2 content esgSubNav
In This List

Cara Operations profit beats consensus by 16.1% in fiscal Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Cara Operations profit beats consensus by 16.1% in fiscal Q1

Recipe Unlimited Corp. said its normalized net income for the fiscal first quarter ended March 29 came to 13 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.

EPS declined 22.8% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$4.8 million, a gain of 48.5% from C$3.2 million in the first quarter ended April 1, 2014.

The normalized profit margin climbed to 6.5% from 5.0% in the year-earlier period.

Total revenue grew 14.4% year over year to C$74.0 million from C$64.7 million, and total operating expenses rose 10.6% from the prior-year period to C$56.5 million from C$51.1 million.

Reported net income increased 80.8% on an annual basis to C$6.3 million, or 17 cents per share, from C$3.5 million, or 18 cents per share.