trending Market Intelligence /marketintelligence/en/news-insights/trending/x2akQYKq3bC4Ukw4RkEaMA2 content esgSubNav
In This List

Amira Nature Foods profit misses consensus by 41.8% in fiscal Q2

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Amira Nature Foods profit misses consensus by 41.8% in fiscal Q2

Amira Nature Foods Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was 17 cents per share, compared with the S&P Capital IQ consensus estimate of 29 cents per share.

EPS increased 12.3% year over year from 15 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.9 million, an increase of 13.3% from $4.4 million in the year-earlier period.

The normalized profit margin declined to 3.5% from 4.0% in the year-earlier period.

Total revenue climbed 30.9% on an annual basis to $141.4 million from $108.1 million, and total operating expenses climbed 36.9% from the prior-year period to $124.4 million from $90.9 million.

Reported net income grew 62.6% on an annual basis to $8.4 million, or 29 cents per share, from $5.2 million, or 18 cents per share.