Nature's Sunshine Products Inc. said its first-quarter normalized net income amounted to 17 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.
EPS fell 36.6% year over year from 27 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.3 million, a decrease of 26.8% from $4.5 million in the year-earlier period.
The normalized profit margin dropped to 3.9% from 4.8% in the year-earlier period.
Total revenue declined 10.3% year over year to $83.9 million from $93.5 million, and total operating expenses declined 8.7% from the prior-year period to $78.5 million from $86.0 million.
Reported net income fell 56.1% on an annual basis to $4.4 million, or 23 cents per share, from $10.1 million, or 61 cents per share.
