VOXX International Corp. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was 42 cents per share, compared with the S&P Capital IQ consensus estimate of 56 cents per share.
EPS decreased 25.6% year over year from 56 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.1 million, a decline of 25.9% from $13.7 million in the year-earlier period.
The normalized profit margin fell to 4.5% from 5.6% in the year-earlier period.
Total revenue decreased 9.1% on an annual basis to $223.4 million from $245.8 million, and total operating expenses fell 9.8% on an annual basis to $206.7 million from $229.2 million.
Reported net income rose year over year to $15.6 million, or 64 cents per share, from $15.4 million, or 63 cents per share.
