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Post Holdings profit beats consensus by 23.0% in fiscal Q1

Post Holdings Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to 42 cents per share, compared with the S&P Capital IQ consensus estimate of 34 cents per share.

The per-share result swung to a profit from the prior-year loss of 77 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $29.0 million, compared with a loss of $38.6 million in the prior-year period.

The normalized profit margin climbed to 2.3% from negative 3.6% in the year-earlier period.

Total revenue grew 16.3% year over year to $1.25 billion from $1.07 billion, and total operating expenses climbed 8.6% from the prior-year period to $1.11 billion from $1.02 billion.

Reported net income totaled $10.3 million, or 15 cents per share, compared to a loss of $101.6 million, or a loss of $2.04 per share, in the year-earlier period.