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Kuehne + Nagel profit misses consensus by 20.0% in Q1

Kuehne + Nagel International AG said its first-quarter normalized net income amounted to CHF1.02 per share, compared with the S&P Capital IQ consensus estimate of CHF1.27 per share.

EPS increased year over year from 97 centimes.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF121.5 million, a gain from CHF117.0 million in the prior-year period.

The normalized profit margin rose to 3.0% from 2.8% in the year-earlier period.

Total revenue totaled CHF4.10 billion, compared with CHF4.13 billion in the prior-year period, and total operating expenses totaled CHF3.91 billion, compared with CHF3.94 billion in the year-earlier period.

Reported net income increased year over year to CHF152.0 million, or CHF1.27 per share, from CHF147.0 million, or CHF1.22 per share.