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Oxford Industries profit beats consensusin fiscal Q3

Oxford Industries Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 came to 7 cents per share, compared with the S&P Capital IQ consensus estimate of 3 cents per share.

EPS decreased 51.0% year over year from 15 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.2 million, a decline of 51.0% from $2.4 million in the year-earlier period.

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

Total revenue climbed 11.1% year over year to $219.5 million from $197.5 million, and total operating expenses climbed 12.6% year over year to $216.8 million from $192.5 million.

Reported net income totaled a loss of $74,000, or a loss of 0 cents per share, compared to income of $821,750, or 5 cents per share, in the prior-year period.