CSS Industries Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to $1.03 per share, compared with the S&P Capital IQ consensus estimate of $1.20 per share.
EPS decreased year over year from $1.06.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.7 million, a decrease from $10.0 million in the prior-year period.
The normalized profit margin rose to 9.1% from 8.9% in the year-earlier period.
Total revenue decreased 5.7% year over year to $106.1 million from $112.5 million, and total operating expenses fell 6.1% on an annual basis to $90.6 million from $96.4 million.
Reported net income fell 8.8% on an annual basis to $9.9 million, or $1.05 per share, from $10.8 million, or $1.14 per share.
