Housewares International Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 21 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 24 cents per share.
EPS fell 5.0% year over year from 22 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$26.7 million, a decrease of 5.0% from A$28.1 million in the prior-year period.
Total revenue decreased 5.6% on an annual basis to A$293.9 million from A$311.3 million, and total operating expenses fell 5.9% on an annual basis to A$250.7 million from A$266.4 million.
Reported net income fell from the prior-year period to A$29.7 million, or 23 cents per share, from A$31.2 million, or 24 cents per share.
