Capella Education Co. said its normalized net income for the second quarter was 87 cents per share, compared with the S&P Capital IQ consensus estimate of 81 cents per share.

EPS fell year over year from 91 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.7 million, a decrease of 5.7% from $11.4 million in the prior-year period.

The normalized profit margin declined to 10.8% from 10.9% in the year-earlier period.

Total revenue increased on an annual basis to $108.0 million from $104.8 million, and total operating expenses grew on an annual basis to $90.9 million from $86.7 million.

Reported net income grew 14.2% from the prior-year period to $10.3 million, or 83 cents per share, from $9.0 million, or 72 cents per share.