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Cott profit misses consensus by 41.0% in fiscal Q2

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Cott profit misses consensus by 41.0% in fiscal Q2

Cott Corp. said its normalized net income for the fiscal second quarter ended July 2 came to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.

EPS decreased 18.8% year over year from 12 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $12.2 million, compared with $12.1 million in the year-earlier period.

Total revenue fell on an annual basis to $765.0 million from $779.8 million, and total operating expenses declined year over year to $714.5 million from $729.4 million.

Reported net income grew year over year to $7.5 million, or 6 cents per share, from $2.0 million, or 2 cents per share.