Nomad Foods Ltd. said its normalized net income for the second quarter was 16 euro cents per share, compared with the S&P Capital IQ consensus estimate of 17 cents per share.
The per-share result swung to a profit from the prior-year loss of €2.43.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €29.3 million, compared with a loss of €218.1 million in the prior-year period.
The normalized profit margin climbed to 6.4% from negative 212.2% in the year-earlier period.
Total revenue rose year over year to €455.9 million from €102.8 million, and total operating expenses grew year over year to €391.7 million from €89.5 million.
Reported net income came to a loss of €7.3 million, or a loss of 4 cents per share, compared to a loss of €396.6 million, or a loss of €4.41 per share, in the year-earlier period.