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Cara Operations profit misses consensus by 33.0% in fiscal Q1

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Cara Operations profit misses consensus by 33.0% in fiscal Q1

4111705 said its normalized net income for the fiscal first quarter ended March 27 came to 24 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 36 cents per share.

EPS rose 82.4% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$12.7 million, a gain from C$4.8 million in the prior-year period.

The normalized profit margin increased to 15.0% from 6.5% in the year-earlier period.

Total revenue increased 13.8% year over year to C$84.2 million from C$74.0 million, and total operating expenses rose 12.5% on an annual basis to C$63.6 million from C$56.5 million.

eported net income increased from the prior-year period to C$14.2 million, or 27 cents per share, from C$6.2 million, or 17 cents per share.Recipe Unlimited Corp.

4111705 said its normalized net income for the fiscal first quarter ended March 27 came to 24 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 36 cents per share.