trending Market Intelligence /marketintelligence/en/news-insights/trending/D5qf3-edbvc801PfzVwrHQ2 content esgSubNav
In This List

CSS Industries fiscal Q1 loss narrows YOY

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


CSS Industries fiscal Q1 loss narrows YOY

CSS Industries Inc. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 14 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 12 cents per share.

The per-share loss decreased 18.3% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.3 million, compared with a loss of $1.6 million in the year-earlier period.

The normalized profit margin climbed to negative 2.7% from negative 3.4% in the year-earlier period.

Total revenue rose on an annual basis to $48.3 million from $47.1 million, and total operating expenses increased from the prior-year period to $50.4 million from $49.7 million.

Reported net income totaled a loss of $1.3 million, or a loss of 14 cents per share, compared to a loss of $1.7 million, or a loss of 18 cents per share, in the prior-year period.