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Lifetime Brands Q1 loss widens 73.1% YOY

4910889 said its first-quarter normalized net income came to a loss of 14 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 12 cents per share.

The per-share loss widened 67.3% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.9 million, compared with a loss of $1.1 million in the prior-year period.

The normalized profit margin dropped to negative 1.6% from negative 0.9% in the year-earlier period.

otal revenue came to $117.7 million, compared with $118.4 million in the year-earlier period, and total operating expenses totaled $119.6 million, compared with $118.6 mil Lifetime Brands Inc..