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Turning Point Brands profit misses consensus by 32.2% in Q1

4911214 said its first-quarter normalized net income amounted to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.

EPS fell 30.1% year over year from 26 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.5 million, a decrease of 30.1% from $2.2 million in the prior-year period.

The normalized profit margin fell to 3.1% from 4.3% in the year-earlier period.

Total revenue fell year over year to $49.9 million from $51.1 million, and total operating expenses came to $39.0 million, compared with $39.1 million in the year-earlier period.

eported net income declined 34.1% year over year to $2.3 million, or 27 cents per share, from $3.4 million, or 41 cents per share.Turning Point Brands Inc.

4911214 said its first-quarter normalized net income amounted to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.