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Post Holdings profit beats consensusin fiscal Q3


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Post Holdings profit beats consensusin fiscal Q3

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.