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ASOS profit misses consensus by 18.4% in fiscal year

Asos PLC said its normalized net income for the fiscal full year ended Aug. 31 amounted to 48 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 59 pence per share.

EPS rose 23.9% year over year from 39 pence.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £39.8 million, an increase of 24.2% from £32.1 million in the prior-year period.

The normalized profit margin fell to 2.8% from 2.8% in the year-earlier period.

Total revenue increased 26.4% year over year to £1.44 billion from £1.14 billion, and total operating expenses grew 26.5% year over year to £1.38 billion from £1.09 billion.

Reported net income declined 15.4% year over year to £34.7 million, or 42 pence per share, from £41.0 million, or 49 pence per share.