EXFO Inc. said its normalized net income for the fiscal first quarter ended Nov. 30, 2015, was 4 cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.
EPS climbed 64.0% year over year from 3 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.4 million, a gain of 46.7% from $1.7 million in the year-earlier period.
The normalized profit margin climbed to 4.4% from 2.9% in the year-earlier period.
Total revenue declined year over year to $55.2 million from $56.7 million, and total operating expenses declined 8.3% year over year to $51.6 million from $56.3 million.
Reported net income increased 34.1% from the prior-year period to $1.6 million, or 3 cents per share, from $1.2 million, or 2 cents per share.
