Saputo Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 34 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 37 cents per share.
EPS fell year over year from 35 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$133.3 million, a decrease from C$137.9 million in the prior-year period.
The normalized profit margin fell to 4.8% from 5.1% in the year-earlier period.
Total revenue increased year over year to C$2.79 billion from C$2.70 billion, and total operating expenses rose from the prior-year period to C$2.56 billion from C$2.46 billion.
Reported net income fell 5.3% year over year to C$147.0 million, or 37 cents per share, from C$155.2 million, or 39 cents per share.
