Post Holdings Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was a loss of 74 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 13 cents per share.
The per-share result swung to a loss from the prior-year profit of 1 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $37.0 million, compared with income of $375,000 in the year-earlier period.
The normalized profit margin fell to negative 3.6% from 0.1% in the year-earlier period.
Total revenue grew year over year to $1.07 billion from $297.0 million, and total operating expenses grew from the prior-year period to $1.02 billion from $265.8 million.
Reported net income totaled a loss of $101.6 million, or a loss of $2.04 per share, compared to a loss of $4.9 million, or a loss of 15 cents per share, in the prior-year period.
