Lifetime Brands Inc. said its first-quarter normalized net income came to a loss of 10 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 13 cents per share.
The per-share loss narrowed 59.5% year over year from 24 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.4 million, compared with a loss of $3.4 million in the year-earlier period.
The normalized profit margin increased to negative 1.2% from negative 3.0% in the year-earlier period.
Total revenue increased year over year to $113.4 million from $110.9 million, and total operating expenses totaled $115.2 million, compared with $114.9 million in the prior-year period.
Reported net income totaled a loss of $1.3 million, or a loss of 9 cents per share, compared to a loss of $4.3 million, or a loss of 31 cents per share, in the year-earlier period.