Great Canadian Gaming Corp. said its normalized net income for the first quarter was 21 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.
EPS rose 26.9% year over year from 16 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$14.6 million, a gain of 30.2% from C$11.2 million in the prior-year period.
The normalized profit margin rose to 13.3% from 10.8% in the year-earlier period.
Total revenue rose year over year to C$108.0 million from C$103.8 million, and total operating expenses came to C$78.8 million, compared with C$78.1 million in the prior-year period.
Reported net income decreased 5.6% on an annual basis to C$16.3 million, or 23 cents per share, from C$17.3 million, or 25 cents per share.
