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Ethan Allen Interiors profit misses consensus by 24.6% in fiscal Q2

Ethan Allen Interiors Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 34 cents per share, compared with the S&P Capital IQ consensus estimate of 45 cents per share.

EPS decreased 12.0% year over year from 38 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $9.9 million, a decrease of 12.0% from $11.3 million in the prior-year period.

The normalized profit margin dropped to 5.0% from 5.8% in the year-earlier period.

Total revenue climbed year over year to $197.1 million from $193.1 million, and total operating expenses increased on an annual basis to $179.4 million from $173.3 million.

Reported net income fell 12.8% year over year to $10.0 million, or 34 cents per share, from $11.4 million, or 39 cents per share.