Clas Ohlson AB said its normalized net income for the fiscal third quarter ended Jan. 31 came to 3.46 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 4.17 kronor per share.
EPS climbed 5.8% year over year from 3.27 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 219.3 million kronor, an increase of 6.0% from 206.8 million kronor in the year-earlier period.
The normalized profit margin declined to 9.2% from 9.2% in the year-earlier period.
Total revenue rose 6.1% year over year to 2.37 billion kronor from 2.24 billion kronor, and total operating expenses increased 6.2% from the prior-year period to 2.02 billion kronor from 1.91 billion kronor.
Reported net income rose 6.3% on an annual basis to 269.8 million kronor, or 4.26 kronor per share, from 253.9 million kronor, or 4.02 kronor per share.
As of March 11, US$1 was equivalent to 8.63 Swedish kronor.
