Treasury Wine Estates Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2014, came to 6 Australian cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.
EPS climbed 74.3% year over year from 3 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was A$36.3 million, an increase of 75.0% from A$20.8 million in the prior-year period.
Total revenue climbed 8.1% on an annual basis to A$934.3 million from A$864.2 million, and total operating expenses climbed 5.3% from the prior-year period to A$864.8 million from A$821.4 million.
Reported net income decreased 59.7% on an annual basis to A$42.7 million, or 7 cents per share, from A$106.1 million, or 16 cents per share.
