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Amadeus IT Group profit misses consensus by 24.4% in Q2

Amadeus IT Group SA said its normalized net income for the second quarter was 50 euro cents per share, compared with the S&P Capital IQ consensus estimate of 66 cents per share.

EPS climbed 5.7% year over year from 47 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €217.9 million, an increase of 5.8% from €206.1 million in the prior-year period.

The normalized profit margin dropped to 17.6% from 17.8% in the year-earlier period.

Total revenue grew 7.3% on an annual basis to €1.24 billion from €1.16 billion, and total operating expenses climbed 7.6% from the prior-year period to €873.3 million from €811.8 million.

Reported net income rose 11.0% from the prior-year period to €258.5 million, or 59 cents per share, from €232.8 million, or 53 cents per share.