American Eagle Outfitters Inc. said its normalized net income for the fiscal first quarter ended May 3 amounted to 3 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 0 cents per share.

EPS fell 82.5% year over year from 17 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.7 million, a decrease of 82.7% from $33.0 million in the prior-year period.

The normalized profit margin declined to 0.9% from 4.9% in the year-earlier period.

Total revenue declined 4.9% on an annual basis to $646.1 million from $679.5 million, and total operating expenses grew from the prior-year period to $637.7 million from $626.1 million.

Reported net income decreased 85.9% year over year to $3.9 million, or 2 cents per share, from $27.5 million, or 14 cents per share.