Computer Modelling Group Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was 9 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.
EPS decreased 27.1% year over year from 12 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$6.9 million, a decrease of 27.5% from C$9.5 million in the prior-year period.
The normalized profit margin declined to 32.3% from 37.6% in the year-earlier period.
Total revenue fell 15.8% year over year to C$21.2 million from C$25.2 million, and total operating expenses totaled C$10.9 million, compared with C$10.9 million in the year-earlier period.
Reported net income decreased 29.0% year over year to C$7.9 million, or 10 cents per share, from C$11.1 million, or 14 cents per share.
