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El Puerto de Liverpool profit misses consensus by 16.3% in Q2

El Puerto de Liverpool SAB de CV said its second-quarter normalized net income came to 1.28 Mexican pesos per share, compared with the S&P Capital IQ consensus estimate of 1.52 pesos per share.

EPS rose 11.9% year over year from 1.14 pesos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.72 billion pesos, an increase of 13.7% from 1.51 billion pesos in the year-earlier period.

The normalized profit margin climbed to 7.8% from 7.7% in the year-earlier period.

Total revenue rose 11.9% on an annual basis to 22.07 billion pesos from 19.72 billion pesos, and total operating expenses climbed 11.5% from the prior-year period to 19.25 billion pesos from 17.27 billion pesos.

Reported net income grew 14.5% year over year to 1.99 billion pesos, or 1.48 pesos per share, from 1.74 billion pesos, or 1.31 pesos per share.

As of July 27, US$1 was equivalent to 16.27 Mexican pesos.