trending Market Intelligence /marketintelligence/en/news-insights/trending/GvIy4D6fBc6uYdz6CIn5_g2 content esgSubNav
In This List

Differential Brands swings to loss in Q3

Podcast

Street Talk | Episode 94: Recessionary fears in '22 overblown, Fed could overtighten

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation


Differential Brands swings to loss in Q3

Differential Brands Group Inc. said its third-quarter normalized net income was a loss of 12 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 10 cents per share.

The per-share result swung to a loss from the prior-year profit of 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.5 million, compared with income of $218,130 in the year-earlier period.

The normalized profit margin declined to negative 3.5% from 1.2% in the year-earlier period.

Total revenue increased year over year to $41.2 million from $17.6 million, and total operating expenses increased year over year to $41.3 million from $17.1 million.

Reported net income came to a loss of $4.1 million, or a loss of 32 cents per share, compared to income of $36,000, or 0 cents per share, in the prior-year period.