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Jamba profit misses consensus by 55.4% in fiscal Q3

Jamba Inc. said its normalized net income for the fiscal third quarter ended Sept. 27 came to 7 cents per share, compared with the S&P Capital IQ consensus estimate of 15 cents per share.

The per-share result swung to a profit from the prior-year loss of 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.0 million, compared with a loss of $396,250 in the prior-year period.

The normalized profit margin increased to 4.6% from negative 1.1% in the year-earlier period.

Total revenue decreased 37.9% on an annual basis to $22.1 million from $35.5 million, and total operating expenses fell 43.5% on an annual basis to $20.4 million from $36.1 million.

Reported net income totaled a loss of $2.0 million, or a loss of 13 cents per share, compared to income of $13.1 million, or 81 cents per share, in the prior-year period.