Ethan Allen Interiors Inc. said its normalized net income for the fiscal third quarter ended March 31 amounted to 16 cents per share, compared with the S&P Capital IQ consensus estimate of 18 cents per share.
EPS fell year over year from 17 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.8 million, a decline from $4.9 million in the prior-year period.
The normalized profit margin declined to 2.8% from 2.8% in the year-earlier period.
Total revenue came to $173.3 million, compared with $173.1 million in the year-earlier period, and total operating expenses totaled $164.0 million, compared with $163.5 million in the year-earlier period.
Reported net income fell 50.0% on an annual basis to $2.6 million, or 9 cents per share, from $5.3 million, or 18 cents per share.
