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Differential Brands Q2 loss widens YOY

Differential Brands Group Inc. said its second-quarter normalized net income came to a loss of 17 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 25 cents per share.

The per-share loss increased year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.2 million, compared with a loss of $239,380 in the year-earlier period.

The normalized profit margin fell to negative 6.2% from negative 1.5% in the year-earlier period.

Total revenue rose 99.1% on an annual basis to $32.4 million from $16.3 million, and total operating expenses increased from the prior-year period to $33.8 million from $16.5 million.

Reported net income totaled a loss of $4.5 million, or a loss of 36 cents per share, compared to a loss of $529,500, or a loss of 6 cents per share, in the year-earlier period.