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Destination XL fiscal Q3 loss narrows YOY

Destination XL Group Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 came to a loss of 8 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 9 cents per share.

The per-share loss decreased 11.2% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $3.9 million, compared with a loss of $4.4 million in the year-earlier period.

The normalized profit margin climbed to negative 4.0% from negative 4.9% in the year-earlier period.

Total revenue increased 5.6% on an annual basis to $93.6 million from $88.7 million, and total operating expenses rose on an annual basis to $99.4 million from $95.4 million.

Reported net income came to a loss of $6.3 million, or a loss of 13 cents per share, compared to a loss of $3.9 million, or a loss of 8 cents per share, in the year-earlier period.