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Regis fiscal Q2 loss widens YOY

Regis Corp. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was a loss of 14 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 9 cents per share.

The per-share loss increased year over year from 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $7.9 million, compared with a loss of $1.1 million in the prior-year period.

The normalized profit margin dropped to negative 1.9% from negative 0.2% in the year-earlier period.

Total revenue fell year over year to $455.9 million from $468.4 million, and total operating expenses decreased on an annual basis to $455.2 million from $468.1 million.

Reported net income came to a loss of $19.1 million, or a loss of 35 cents per share, compared to a loss of $109.1 million, or a loss of $1.93 per share, in the year-earlier period.