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Peregrine Industries fiscal Q3 loss widens 87.9% YOY

Peregrine Industries Inc. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of 2 cents per share, compared with a loss of 1 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $10,240, compared with a loss of $5,450 in the year-earlier period.

Reported net income came to a loss of $16,390, or a loss of 3 cents per share, compared to a loss of $8,730, or a loss of 2 cents per share, in the year-earlier period.