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Endurance International swings to loss in Q1

Endurance International Group Holdings Inc. said its normalized net income for the first quarter was a loss of $45.0 million, compared with income of $1.2 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 10.8% from 0.7% in the year-earlier period.

Total revenue grew 33.7% year over year to $237.1 million from $177.3 million, and total operating expenses grew 63.7% on an annual basis to $259.4 million from $158.5 million.

Reported net income grew year over year to $21.4 million, or 16 cents per share, from $1.3 million, or 1 cents per share.