Nautilus Inc. said its first-quarter normalized net income amounted to 39 cents per share, compared with the S&P Capital IQ consensus estimate of 35 cents per share.
EPS increased 13.9% year over year from 34 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $12.3 million, a gain of 12.2% from $11.0 million in the year-earlier period.
The normalized profit margin declined to 9.7% from 11.4% in the year-earlier period.
Total revenue climbed 25.7% on an annual basis to $120.9 million from $96.2 million, and total operating expenses grew 28.1% year over year to $100.7 million from $78.6 million.
Reported net income grew 7.2% on an annual basis to $11.6 million, or 37 cents per share, from $10.8 million, or 34 cents per share.