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FTD Cos. profit beats consensusin Q2

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FTD Cos. profit beats consensusin Q2

FTD Cos. Inc. said its second-quarter normalized net income came to 45 cents per share, compared with the S&P Capital IQ consensus estimate of 11 cents per share.

EPS rose 32.4% year over year from 34 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $12.8 million, a gain from $6.4 million in the prior-year period.

The normalized profit margin dropped to 3.5% from 3.8% in the year-earlier period.

Total revenue rose on an annual basis to $365.8 million from $168.1 million, and total operating expenses climbed year over year to $343.4 million from $156.7 million.

Reported net income increased year over year to $17.5 million, or 61 cents per share, from $4.6 million, or 24 cents per share.