Jumei International Holding Ltd. said its first-quarter normalized net income came to 49 cents per share, compared with the S&P Capital IQ consensus estimate of 59 cents per share.

EPS declined 47.9% year over year from 95 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $74.1 million, a decrease of 7.8% from $80.4 million in the prior-year period.

The normalized profit margin fell to 4.8% from 8.3% in the year-earlier period.

Total revenue increased 61.4% year over year to $1.55 billion from $962.7 million, and total operating expenses rose 71.2% year over year to $1.47 billion from $856.3 million.

Reported net income increased 47.2% from the prior-year period to $93.0 million, or 62 cents per share, from $63.2 million, or 75 cents per share.