Nautilus Inc. said its normalized net income for the first quarter came to 34 cents per share, compared with the S&P Capital IQ consensus estimate of 24 cents per share.
EPS increased 94.7% year over year from 18 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $11.0 million, a gain of 96.0% from $5.6 million in the prior-year period.
The normalized profit margin climbed to 11.4% from 7.8% in the year-earlier period.
Total revenue grew 33.8% on an annual basis to $96.2 million from $71.9 million, and total operating expenses grew 25.0% from the prior-year period to $78.6 million from $62.9 million.
Reported net income grew 90.2% on an annual basis to $10.8 million, or 34 cents per share, from $5.7 million, or 18 cents per share.
