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Zooplus profit beats consensus by 45.9% in Q3

zooplus AG said its third-quarter normalized net income amounted to 48 euro cents per share, compared with the S&P Capital IQ consensus estimate of 33 cents per share.

EPS rose 75.9% year over year from 27 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €3.4 million, a gain of 97.2% from €1.7 million in the prior-year period.

The normalized profit margin rose to 1.8% from 1.2% in the year-earlier period.

Total revenue rose 27.9% on an annual basis to €187.2 million from €146.4 million, and total operating expenses grew 26.6% on an annual basis to €181.6 million from €143.5 million.

Reported net income increased 97.1% year over year to €3.6 million, or 51 cents per share, from €1.9 million, or 29 cents per share.