Harvey Norman Holdings Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, amounted to 11 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 13 cents per share.
EPS climbed 18.1% year over year from 10 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$123.0 million, a gain of 18.3% from A$103.9 million in the prior-year period.
Total revenue grew 8.0% on an annual basis to A$839.3 million from A$777.0 million, and total operating expenses climbed from the prior-year period to A$648.0 million from A$620.9 million.
Reported net income rose 27.4% on an annual basis to A$142.0 million, or 13 cents per share, from A$111.5 million, or 10 cents per share.
