Atlas Copco AB said its second-quarter normalized net income amounted to 2.49 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 3.06 kronor per share.
EPS rose 15.9% year over year from 2.14 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 3.03 billion kronor, a gain of 16.2% from 2.61 billion kronor in the prior-year period.
The normalized profit margin rose to 11.6% from 11.2% in the year-earlier period.
Total revenue grew 11.8% on an annual basis to 26.11 billion kronor from 23.35 billion kronor, and total operating expenses climbed 10.7% on an annual basis to 21.04 billion kronor from 19.01 billion kronor.
Reported net income rose 12.4% on an annual basis to 3.61 billion kronor, or 2.96 kronor per share, from 3.21 billion kronor, or 2.64 kronor per share.
As of July 16, US$1 was equivalent to 8.54 Swedish kronor.
