Saputo Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 40 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 41 cents per share.
EPS increased year over year from 39 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$158.6 million, an increase from C$154.5 million in the year-earlier period.
The normalized profit margin fell to 4.7% from 6.6% in the year-earlier period.
Total revenue climbed 20.4% year over year to C$2.82 billion from C$2.34 billion, and total operating expenses climbed 22.6% year over year to C$2.55 billion from C$2.08 billion.
Reported net income grew year over year to C$150.8 million, or 38 cents per share, from C$145.6 million, or 37 cents per share.
