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MCBC Holdings profit misses consensus by 69.2% in fiscal Q2

MCBC Holdings Inc. said its normalized net income for the fiscal second quarter ended Dec. 27, 2015, was 9 cents per share, compared with the S&P Capital IQ consensus estimate of 30 cents per share.

EPS decreased 56.7% year over year from 22 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.7 million, a decline of 30.8% from $2.5 million in the year-earlier period.

The normalized profit margin dropped to 3.2% from 4.8% in the year-earlier period.

Total revenue increased on an annual basis to $55.2 million from $52.8 million, and total operating expenses rose 16.8% year over year to $52.3 million from $44.8 million.

Reported net income rose 22.9% on an annual basis to $1.9 million, or 10 cents per share, from $1.5 million, or 13 cents per share.