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Koninklijke DSM profit misses consensus by 18.7% in Q2

Royal DSM NV said its second-quarter normalized net income came to 78 euro cents per share, compared with the S&P Capital IQ consensus estimate of 96 cents per share.

EPS increased 34.8% year over year from 58 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €136.5 million, a gain of 35.3% from €100.9 million in the year-earlier period.

The normalized profit margin climbed to 6.3% from 5.1% in the year-earlier period.

Total revenue rose 8.4% year over year to €2.16 billion from €1.99 billion, and total operating expenses rose 6.8% year over year to €1.91 billion from €1.78 billion.

Reported net income rose 20.5% from the prior-year period to €159.0 million, or 91 cents per share, from €132.0 million, or 76 cents per share.