Post Holdings Inc. said its normalized net income for the fiscal third quarter ended June 30 came to 76 cents per share, compared with the S&P Capital IQ consensus estimate of 7 cents per share.
The per-share result swung to a profit from the prior-year loss of 78 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $46.1 million, compared with a loss of $33.4 million in the prior-year period.
The normalized profit margin increased to 4.1% from negative 5.3% in the year-earlier period.
Total revenue rose 91.4% year over year to $1.21 billion from $633.0 million, and total operating expenses rose 79.0% year over year to $1.11 billion from $622.7 million.
Reported net income totaled $20.1 million, or 33 cents per share, compared to a loss of $39.2 million, or a loss of 92 cents per share, in the prior-year period.