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Tile Shop profit beats consensus by 18.1% in Q3

Tile Shop Holdings said its third-quarter normalized net income came to 10 cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS rose 27.6% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.1 million, a gain of 28.9% from $4.0 million in the prior-year period.

The normalized profit margin increased to 6.5% from 5.5% in the year-earlier period.

Total revenue increased 8.5% year over year to $78.6 million from $72.4 million, and total operating expenses rose 6.8% from the prior-year period to $70.0 million from $65.6 million.

Reported net income rose 29.8% from the prior-year period to $4.7 million, or 9 cents per share, from $3.6 million, or 7 cents per share.