FTD Cos. Inc. said its normalized net income for the first quarter amounted to 17 cents per share, compared with the S&P Capital IQ consensus estimate of 21 cents per share.
EPS decreased 63.9% year over year from 48 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.1 million, a decline of 44.2% from $9.2 million in the prior-year period.
The normalized profit margin fell to 0.7% from 4.8% in the year-earlier period.
Total revenue rose 93.7% year over year to $367.8 million from $189.9 million, and total operating expenses rose from the prior-year period to $357.3 million from $174.3 million.
Reported net income declined 78.3% from the prior-year period to $2.0 million, or 7 cents per share, from $9.5 million, or 50 cents per share.
