Jamba Inc. said its normalized net income for the second quarter amounted to 8 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.
EPS decreased 59.3% year over year from 20 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.4 million, a decrease of 61.7% from $3.6 million in the second quarter ended July 1, 2014.
The normalized profit margin declined to 2.6% from 5.6% in the year-earlier period.
Total revenue fell 15.7% on an annual basis to $54.1 million from $64.2 million, and total operating expenses declined 11.3% on an annual basis to $51.9 million from $58.4 million.
Reported net income came to $6.3 million, or 38 cents per share, compared to $6.3 million, or 36 cents per share, in the second quarter ended July 1, 2014.