MCBC Holdings Inc. said its normalized net income for the fiscal third quarter ended March 27 amounted to 25 cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.
EPS fell 25.1% year over year from 33 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.7 million, an increase of 17.2% from $4.0 million in the prior-year period.
The normalized profit margin climbed to 8.6% from 7.3% in the year-earlier period.
Total revenue increased 5.1% year over year to $57.0 million from $54.3 million, and total operating expenses rose 6.1% on an annual basis to $49.5 million from $46.7 million.
Reported net income rose from the prior-year period to $4.9 million, or 26 cents per share, from $119,950, or 1 cents per share.