AT & S Austria Technologie & Systemtechnik Aktiengesellschaft said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to 36 euro cents per share, compared with the S&P Capital IQ consensus estimate of 50 cents per share.
EPS declined 21.6% year over year from 46 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €14.1 million, a decline of 21.6% from €18.0 million in the year-earlier period.
The normalized profit margin fell to 7.2% from 9.6% in the year-earlier period.
Total revenue rose 5.3% on an annual basis to €197.2 million from €187.3 million, and total operating expenses rose 9.9% from the prior-year period to €171.9 million from €156.5 million.
Reported net income decreased 16.1% from the prior-year period to €18.3 million, or 47 cents per share, from €21.8 million, or 56 cents per share.
