Ethan Allen Interiors Inc. said its normalized net income for the fiscal first quarter ended Sept. 30 was 40 cents per share, compared with the S&P Capital IQ consensus estimate of 35 cents per share.

EPS increased 32.5% year over year from 30 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $11.7 million, a gain of 32.3% from $8.8 million in the prior-year period.

The normalized profit margin climbed to 6.1% from 4.9% in the year-earlier period.

Total revenue increased 5.0% on an annual basis to $190.7 million from $181.7 million, and total operating expenses rose on an annual basis to $170.2 million from $165.7 million.

Reported net income rose 32.1% from the prior-year period to $12.0 million, or 41 cents per share, from $9.1 million, or 31 cents per share.