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FTD Cos. profit beats consensusin Q4

FTD Cos. Inc. said its fourth-quarter normalized net income was 20 cents per share, compared with the S&P Capital IQ consensus estimate of 5 cents per share.

EPS fell 65.7% year over year from 58 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.7 million, a decrease of 49.2% from $11.1 million in the year-earlier period.

The normalized profit margin fell to 1.6% from 7.1% in the year-earlier period.

Total revenue increased 89.0% year over year to $297.7 million from $157.5 million, and total operating expenses rose from the prior-year period to $286.5 million from $138.0 million.

Reported net income came to a loss of $81.9 million, or a loss of $2.90 per share, compared to income of $3.7 million, or 19 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled 39 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 37 cents.

EPS declined 72.7% from $1.43 in the prior year.

Normalized net income was $11.2 million, a fall of 58.8% from $27.1 million in the prior year.

Full-year total revenue grew 90.9% on an annual basis to $1.22 billion from $639.0 million, and total operating expenses grew 102.1% year over year to $1.19 billion from $590.4 million.

The company said reported net income came to a loss of $78.7 million, or a loss of $2.74 per share, in the full year, compared with income of $21.1 million, or $1.11 per share, the prior year.