Schindler Holding AG said its fourth-quarter normalized net income was CHF1.02 per share, compared with the S&P Capital IQ consensus estimate of CHF2.13 per share.
EPS increased 6.8% year over year from 96 centimes.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF109.1 million, a gain of 34.1% from CHF81.4 million in the prior-year period.
The normalized profit margin rose to 4.2% from 3.1% in the year-earlier period.
Total revenue increased on an annual basis to CHF2.63 billion from CHF2.59 billion, and total operating expenses totaled CHF2.34 billion, compared with CHF2.32 billion in the year-earlier period.
Reported net income increased 30.9% year over year to CHF178.3 million, or CHF1.66 per share, from CHF136.2 million, or CHF1.60 per share.
For the year, the company's normalized net income totaled CHF5.51 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of CHF7.13.
EPS rose from CHF4.91 in the prior year.
Normalized net income was CHF591.0 million, an increase from CHF540.8 million in the prior year.
Full-year total revenue grew year over year to CHF9.68 billion from CHF9.39 billion, and total operating expenses grew year over year to CHF8.62 billion from CHF8.40 billion.
The company said reported net income increased on an annual basis to CHF764.3 million, or CHF7.12 per share, in the full year, from CHF689.2 million, or CHF6.26 per share.
