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Christopher & Banks profit beats consensus by 85.0% in fiscal Q2

Christopher & Banks Corp. said its normalized net income for the fiscal second quarter ended Aug. 2 was $2.1 million, compared with a loss of $23,750 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 2.0% from negative 0.0% in the year-earlier period.

Total revenue grew year over year to $106.6 million from $104.2 million, and total operating expenses came to $103.2 million, compared with $104.2 million in the year-earlier period.

Reported net income totaled $3.4 million, or 9 cents per share, compared to a loss of $362,150, or a loss of 1 cents per share, in the prior-year period.