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Post Holdings fiscal Q2 loss narrows YOY

Post Holdings Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of 19 cents per share, compared with the S&P Capital IQ consensus estimate of 10 cents per share.

The per-share loss decreased 71.4% year over year from 66 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $12.8 million, compared with a loss of $22.1 million in the year-earlier period.

The normalized profit margin rose to negative 1.1% from negative 5.1% in the year-earlier period.

Total revenue grew year over year to $1.05 billion from $438.0 million, and total operating expenses grew from the prior-year period to $981.8 million from $424.2 million.

Reported net income totaled $30.5 million, or 45 cents per share, compared to a loss of $22.5 million, or a loss of 67 cents per share, in the prior-year period.