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E.ON SE profit misses consensus by 42.9% in Q1

E.ON SE said its normalized net income for the first quarter was 30 euro cents per share, compared with the S&P Capital IQ consensus estimate of 53 cents per share.

EPS decreased year over year from 30 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €579.5 million, compared with €578.9 million in the year-earlier period.

The normalized profit margin increased to 3.5% from 1.9% in the year-earlier period.

Total revenue declined year over year to €30.60 billion from €31.09 billion, and total operating expenses fell year over year to €28.74 billion from €29.34 billion.

Reported net income increased 42.2% on an annual basis to €1.05 billion, or 55 cents per share, from €742.0 million, or 39 cents per share.