KWS Saat SE said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to a loss of €6.34 per share, compared with the S&P Capital IQ consensus estimate of a loss of €9.23 per share.
The per-share result swung to a loss from the prior-year profit of €1.19.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €42.0 million, compared with income of €11.2 million in the prior-year period.
The normalized profit margin fell to negative 47.4% from 13.7% in the year-earlier period.
Total revenue increased 9.2% on an annual basis to €88.6 million from €81.1 million, and total operating expenses climbed 12.5% from the prior-year period to €150.4 million from €133.7 million.
Reported net income came to a loss of €45.5 million, or a loss of €6.87 per share, compared to income of €35.0 million, or €3.74 per share, in the prior-year period.
