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Reitmans (Canada) profit beats consensusin fiscal Q3

4113329 said its normalized net income for the fiscal third quarter ended Nov. 1 was 20 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS climbed year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$12.9 million, a gain from C$5.4 million in the prior-year period.

The normalized profit margin climbed to 5.4% from 2.2% in the year-earlier period.

otal revenue fell year over year to C$238.3 million from C$249.4 million, and total operating expenses declined 7.7% on an annual basis t Reitmans (Canada) Ltd..