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Christopher & Banks profit beats consensusin fiscal Q1

Christopher & Banks Corp. said its normalized net income for the fiscal first quarter ended May 3 amounted to 5 cents per share, compared with the S&P Capital IQ consensus estimate of 2 cents per share.

EPS climbed year over year from 1 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.7 million, a gain from $536,880 in the year-earlier period.

The normalized profit margin rose to 1.7% from 0.5% in the year-earlier period.

Total revenue fell year over year to $103.4 million from $108.5 million, and total operating expenses fell 6.5% from the prior-year period to $100.6 million from $107.6 million.

Reported net income rose year over year to $2.6 million, or 7 cents per share, from $743,660, or 2 cents per share.