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Amira Nature Foods profit misses consensus by 18.4% in fiscal Q3

Amira Nature Foods Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was 28 cents per share, compared with the S&P Capital IQ consensus estimate of 34 cents per share.

EPS climbed year over year from 14 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $8.1 million, an increase from $3.9 million in the year-earlier period.

The normalized profit margin climbed to 4.2% from 2.8% in the year-earlier period.

Total revenue climbed 35.0% on an annual basis to $192.4 million from $142.5 million, and total operating expenses increased 35.2% on an annual basis to $168.2 million from $124.4 million.

Reported net income grew 90.0% on an annual basis to $11.0 million, or 38 cents per share, from $5.8 million, or 20 cents per share.