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Tecsys profit misses consensus by 50.9% in fiscal Q3

Tecsys Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 was 3 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.

EPS climbed year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$408,130, an increase of 8.5% from C$376,250 in the prior-year period.

The normalized profit margin climbed to 2.7% from 2.6% in the year-earlier period.

Total revenue grew year over year to C$15.2 million from C$14.5 million, and total operating expenses climbed 4.9% year over year to C$14.6 million from C$13.9 million.

Reported net income rose 16.3% from the prior-year period to C$543,000, or 4 cents per share, from C$467,000, or 4 cents per share.