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Habit Restaurants profit misses consensus by 60.5% in Q1

Habit Restaurants Inc. said its first-quarter normalized net income came to $205,130, compared with a loss of $929,630 in the first quarter ended April 1, 2014.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to negative 0.2% from negative 2.5% in the year-earlier period.

Total revenue increased 44.6% year over year to $54.6 million from $37.8 million, and total operating expenses increased 44.2% on an annual basis to $50.5 million from $35.0 million.

Reported net income came to $718,340, or 8 cents per share.