Crown Resorts Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, was 27 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 38 cents per share.
EPS decreased 30.9% year over year from 39 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$194.5 million, a decline of 30.9% from A$281.4 million in the prior-year period.
Total revenue climbed 9.2% on an annual basis to A$1.71 billion from A$1.56 billion, and total operating expenses climbed 18.4% on an annual basis to A$1.42 billion from A$1.20 billion.
Reported net income declined 47.2% on an annual basis to A$201.8 million, or 28 cents per share, from A$382.5 million, or 53 cents per share.
