Liberty Tax Inc. said its normalized net income for the fiscal third quarter ended Jan. 31 was 34 cents per share, compared with the S&P Capital IQ consensus estimate of 20 cents per share.
EPS climbed 63.9% year over year from 20 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.8 million, an increase of 59.1% from $3.0 million in the prior-year period.
The normalized profit margin rose to 10.0% from 7.4% in the year-earlier period.
Total revenue rose 17.0% on an annual basis to $47.7 million from $40.7 million, and total operating expenses rose 10.9% from the prior-year period to $39.3 million from $35.5 million.
Reported net income fell 54.9% on an annual basis to $1.8 million, or 13 cents per share, from $4.1 million, or 28 cents per share.
