China Distance Education Holdings Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.
EPS rose 28.7% year over year from 8 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.6 million, a gain of 34.5% from $2.7 million in the prior-year period.
The normalized profit margin rose to 16.7% from 14.3% in the year-earlier period.
Total revenue rose 14.9% year over year to $21.5 million from $18.7 million, and total operating expenses climbed 12.0% year over year to $16.7 million from $14.9 million.
Reported net income grew 33.7% on an annual basis to $4.6 million, or 13 cents per share, from $3.4 million, or 10 cents per share.
