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Creative Technology fiscal Q2 loss narrows YOY

Creative Technology Ltd said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was a loss of 6 cents per share, compared with a loss of 8 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $4.0 million, compared with a loss of $5.6 million in the year-earlier period.

The normalized profit margin increased to negative 15.2% from negative 17.8% in the year-earlier period.

Total revenue decreased 15.3% year over year to $26.5 million from $31.3 million, and total operating expenses fell 8.4% year over year to $32.8 million from $35.9 million.

Reported net income came to $12.0 million, or 17 cents per share, compared to a loss of $9.2 million, or a loss of 13 cents per share, in the prior-year period.