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Finish Line profit holds mostly steady YOY in fiscal Q2

Finish Line Inc. said its normalized net income for the fiscal second quarter ended Aug. 30 was 56 cents per share, compared with the S&P Capital IQ consensus estimate of 60 cents per share.

In the prior-year period, the per-share result came in at a profit of 56 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $27.0 million, compared with $27.1 million in the prior-year period.

The normalized profit margin dropped to 5.8% from 6.2% in the year-earlier period.

Total revenue increased 7.1% year over year to $466.9 million from $436.0 million, and total operating expenses increased 7.8% from the prior-year period to $423.6 million from $393.1 million.

Reported net income came to $26.0 million, or 54 cents per share, compared to $26.3 million, or 54 cents per share, in the prior-year period.