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Napco Security Technologies profit misses consensus by 59.7% in fiscal Q2

Napco Security Technologies Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 3 cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS fell year over year from 3 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $611,250, a decline of 5.9% from $649,380 in the year-earlier period.

The normalized profit margin dropped to 3.0% from 3.3% in the year-earlier period.

Total revenue grew on an annual basis to $20.5 million from $19.6 million, and total operating expenses climbed 5.4% year over year to $19.5 million from $18.5 million.

Reported net income declined on an annual basis to $947,850, or 5 cents per share, from $959,450, or 5 cents per share.