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Tile Shop profit beats consensus by 37.0% in Q1

4329552 said its first-quarter normalized net income amounted to 14 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.

EPS climbed 70.1% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $7.4 million, an increase of 71.8% from $4.3 million in the prior-year period.

The normalized profit margin increased to 8.8% from 5.9% in the year-earlier period.

Total revenue grew 16.1% year over year to $84.7 million from $73.0 million, and total operating expenses increased 10.7% year over year to $72.3 million from $65.3 million.

Reported net income grew 87.5% from the prior-year period to $6.7 million, or 13 cents per share, from $3.6 million, or 7 cents per share.Tile Shop Holdings

4329552 said its first-quarter normalized net income amounted to 14 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.