Unicasa Indústria de Móveis SA said its first-quarter normalized net income came to 6 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 10 centavos per share.
EPS increased 25.9% year over year from 5 centavos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.2 million reais, a gain of 25.9% from 3.3 million reais in the year-earlier period.
The normalized profit margin climbed to 7.0% from 6.1% in the year-earlier period.
Total revenue decreased 7.2% on an annual basis to 50.3 million reais from 54.2 million reais, and total operating expenses decreased 9.9% year over year to 45.9 million reais from 50.9 million reais.
Reported net income rose 7.0% year over year to 5.0 million reais, or 8 centavos per share, from 4.7 million reais, or 7 centavos per share.
As of May 7, US$1 was equivalent to 3.05 reais.
