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Ethan Allen Interiors fiscal Q3 profit falls YOY

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.