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Jamba profit misses consensus by 78.6% in Q2

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.