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Endesa profit misses consensus by 39.7% in Q2

Endesa SA said its normalized net income for the second quarter amounted to 31 euro cents per share, compared with the S&P Capital IQ consensus estimate of 51 cents per share.

EPS decreased 8.3% year over year from 34 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €325.5 million, a decrease of 8.8% from €356.9 million in the year-earlier period.

The normalized profit margin declined to 7.0% from 8.5% in the year-earlier period.

Total revenue grew 11.2% year over year to €4.67 billion from €4.20 billion, and total operating expenses increased 18.2% on an annual basis to €4.13 billion from €3.49 billion.

Reported net income fell 11.9% on an annual basis to €400.0 million, or 38 cents per share, from €454.0 million, or 43 cents per share.