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Chr. Hansen profit misses consensus by 17.8% in fiscal Q2

Chr. Hansen Holding A/S said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to 23 euro cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.

EPS climbed 21.6% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €29.9 million, a gain of 18.0% from €25.4 million in the prior-year period.

The normalized profit margin increased to 14.3% from 14.0% in the year-earlier period.

Total revenue rose 15.0% on an annual basis to €208.8 million from €181.5 million, and total operating expenses rose 14.4% from the prior-year period to €156.2 million from €136.5 million.

Reported net income rose 31.0% year over year to €35.5 million, or 27 cents per share, from €27.1 million, or 20 cents per share.