EDP - Energias de Portugal SA said its normalized net income for the second quarter came to 4 euro cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.
EPS declined 25.5% year over year from 5 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €144.2 million, a decline of 16.3% from €172.3 million in the year-earlier period.
The normalized profit margin dropped to 4.0% from 5.1% in the year-earlier period.
Total revenue climbed 8.4% on an annual basis to €3.64 billion from €3.36 billion, and total operating expenses increased 11.3% on an annual basis to €3.20 billion from €2.87 billion.
Reported net income totaled €235.1 million, or 6 cents per share, compared with €209.4 million, or 6 cents per share, in the year-earlier period.
