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U.S. Auto Parts Network profit beats consensus by 60.9% in fiscal Q2

U.S. Auto Parts Network Inc. said its normalized net income for the fiscal second quarter ended July 2 came to 2 cents per share, compared with the S&P Capital IQ consensus estimate of 1 cents per share.

The per-share result swung to a profit from the prior-year loss of 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $643,630, compared with a loss of $608,630 in the prior-year period.

The normalized profit margin climbed to 1.1% from negative 0.8% in the year-earlier period.

Total revenue grew year over year to $78.1 million from $76.5 million, and total operating expenses came to $77.2 million, compared with $77.6 million in the prior-year period.

Reported net income came to $800,140, or 2 cents per share, compared to a loss of $679,260, or a loss of 2 cents per share, in the prior-year period.