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Verkkokauppa.com profit misses consensus by 45.5% in Q2

Verkkokauppa.com Oyj said its second-quarter normalized net income came to 1 euro cents per share, compared with the S&P Capital IQ consensus estimate of 3 cents per share.

EPS fell 31.4% year over year from 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €631,880, a decline of 31.4% from €921,250 in the year-earlier period.

The normalized profit margin dropped to 0.8% from 1.2% in the year-earlier period.

Total revenue came to €80.1 million, compared with €80.0 million in the year-earlier period, and total operating expenses totaled €79.1 million, compared with €78.6 million in the year-earlier period.

Reported net income declined 33.3% from the prior-year period to €810,000, or 2 cents per share, from €1.2 million, or 3 cents per share.