FTD Inc. reported net income was $5.2 million for its third quarter, up from $3.2 million last year.
The flower direct marketer’s revenue for the quarter ended March 31 was $95.6 million, up 3.6%, from $92.3 million last year.
These results include the effects of the Easter holiday occurring in the fourth quarter of the current year versus the third quarter of the prior year.
The company attributed its net income increase to higher gross profit margins within its consumer business (www.ftd.com) and continued control of general and administrative costs.
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