Thales SA said its normalized net income for the first half came to €1.28 per share, compared with the S&P Capital IQ consensus estimate of €1.91 per share.
EPS increased 12.8% year over year from €1.14.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €273.8 million, an increase of 13.0% from €242.4 million in the year-earlier period.
Total revenue grew 5.8% year over year to €7.24 billion from €6.85 billion, and total operating expenses rose 5.3% from the prior-year period to €6.77 billion from €6.42 billion.
Reported net income decreased 12.1% year over year to €337.0 million, or €1.58 per share, from €383.3 million, or €1.80 per share.
