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J. AlexanderÂ’s profit beats consensus by 25.1% in fiscal Q3

J. Alexander’s Holdings Inc. said its normalized net income for the fiscal third quarter ended Oct. 2 came to 5 cents per share, compared with the S&P Capital IQ consensus estimate of 4 cents per share.

EPS decreased 20.5% year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $735,630, a decline of 22.1% from $943,750 in the third quarter ended Sept. 27, 2015.

The normalized profit margin declined to 1.4% from 1.9% in the year-earlier period.

Total revenue climbed year over year to $51.5 million from $49.3 million, and total operating expenses grew 5.2% from the prior-year period to $50.2 million from $47.7 million.

Reported net income totaled $1.0 million, or 7 cents per share, compared to a loss of $2.4 million, or a loss of 16 cents per share, in the third quarter ended Sept. 27, 2015.