Cia. Hering said its fourth-quarter normalized net income was 36 Brazilian centavos per share, compared with the S&P Capital IQ consensus estimate of 60 centavos per share.
EPS fell 27.6% year over year from 49 centavos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 56.9 million reais, a decline of 30.3% from 81.7 million reais in the prior-year period.
The normalized profit margin fell to 11.2% from 16.3% in the year-earlier period.
Total revenue rose year over year to 507.5 million reais from 500.6 million reais, and total operating expenses climbed 11.8% from the prior-year period to 425.3 million reais from 380.4 million reais.
Reported net income decreased 23.9% from the prior-year period to 83.1 million reais, or 52 centavos per share, from 109.2 million reais, or 66 centavos per share.
For the year, the company's normalized net income totaled 1.01 reais per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 1.65 reais.
EPS declined 32.3% from 1.49 reais in the prior year.
Normalized net income was 165.8 million reais, a decrease of 33.0% from 247.6 million reais in the prior year.
Full-year total revenue fell 5.3% on an annual basis to 1.59 billion reais from 1.68 billion reais, and total operating expenses increased on an annual basis to 1.36 billion reais from 1.32 billion reais.
The company said reported net income declined 11.8% year over year to 281.2 million reais, or 1.71 reais per share, in the full year, from 318.9 million reais, or 1.92 reais per share.
As of Feb. 25, US$1 was equivalent to 3.95 reais.