trending Market Intelligence /marketintelligence/en/news-insights/trending/e8kKtJpy8rXihvSJNxAsnQ2 content esgSubNav
In This List

Navitas profit misses consensus by 23.3% in fiscal H1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Navitas profit misses consensus by 23.3% in fiscal H1

Navitas Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 9 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.

EPS rose 11.4% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$34.7 million, an increase of 11.9% from A$31.0 million in the prior-year period.

Total revenue climbed 13.9% on an annual basis to A$480.5 million from A$421.9 million, and total operating expenses climbed 14.7% year over year to A$421.2 million from A$367.4 million.

Reported net income decreased 13.2% from the prior-year period to A$31.3 million, or 8 cents per share, from A$36.1 million, or 10 cents per share.