China Distance Education Holdings Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, amounted to 9 cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.
EPS fell 10.0% year over year from 10 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.2 million, a decrease of 11.0% from $3.6 million in the year-earlier period.
The normalized profit margin dropped to 13.1% from 16.7% in the year-earlier period.
Total revenue grew 13.5% year over year to $24.4 million from $21.5 million, and total operating expenses rose 25.0% from the prior-year period to $20.8 million from $16.7 million.
Reported net income declined 10.4% on an annual basis to $4.1 million, or 12 cents per share, from $4.6 million, or 13 cents per share.