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Atria Oyj profit misses consensus by 47.4% in Q2

Atria Oyj said its normalized net income for the second quarter was 7 euro cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.

EPS declined 64.9% year over year from 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.1 million, a decrease of 64.8% from €5.9 million in the year-earlier period.

The normalized profit margin dropped to 1.1% from 1.6% in the year-earlier period.

Total revenue fell 9.1% year over year to €337.5 million from €371.4 million, and total operating expenses declined 8.6% year over year to €331.7 million from €363.0 million.

Reported net income decreased 35.4% year over year to €5.1 million, or 18 cents per share, from €7.9 million, or 28 cents per share.