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SunOpta fiscal Q1 profit falls 14.9% YOY

SunOpta Inc. said its normalized net income for the fiscal first quarter ended April 4 came to 8 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

EPS fell 16.3% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.2 million, a decrease of 14.9% from $6.1 million in the year-earlier period.

The normalized profit margin increased to 2.1% from 1.9% in the year-earlier period.

Total revenue declined 5.9% year over year to $303.4 million from $322.4 million, and total operating expenses decreased 5.0% from the prior-year period to $295.2 million from $310.8 million.

Reported net income declined 20.7% from the prior-year period to $5.2 million, or 8 cents per share, from $6.6 million, or 10 cents per share.