Indigo Books & Music Inc. said its normalized net income for the fiscal third quarter ended Dec. 27, 2014, came to 88 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of C$1 per share.
EPS climbed 27.3% year over year from 69 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$22.7 million, an increase of 28.7% from C$17.7 million in the prior-year period.
The normalized profit margin increased to 6.7% from 5.3% in the year-earlier period.
Total revenue rose on an annual basis to C$339.4 million from C$332.4 million, and total operating expenses totaled C$305.3 million, compared with C$306.1 million in the year-earlier period.
Reported net income grew on an annual basis to C$32.9 million, or C$1.27 per share, from C$8.5 million, or 33 cents per share.
