Bouygues SA said its normalized net income for the first quarter amounted to a loss of 48 euro cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.
The per-share loss increased year over year from 47 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €161.5 million, compared with a loss of €156.1 million in the year-earlier period.
The normalized profit margin dropped to negative 2.4% from negative 2.3% in the year-earlier period.
Total revenue declined on an annual basis to €6.74 billion from €6.86 billion, and total operating expenses declined year over year to €6.94 billion from €7.04 billion.
Reported net income came to a loss of €157.0 million, or a loss of 47 cents per share, compared with income of €238.0 million, or 71 cents per share, in the prior-year period.
