Atria Oyj said its first-quarter normalized net income came to a loss of 4 euro cents per share, compared with the S&P Capital IQ consensus estimate of 2 cents per share.
The per-share loss decreased 72.6% year over year from 13 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €1.0 million, compared with a loss of €3.6 million in the year-earlier period.
The normalized profit margin climbed to negative 0.3% from negative 1.1% in the year-earlier period.
Total revenue declined on an annual basis to €314.5 million from €327.0 million, and total operating expenses declined year over year to €313.8 million from €329.5 million.
Reported net income came to a loss of €2.0 million, or a loss of 7 cents per share, compared to a loss of €5.3 million, or a loss of 19 cents per share, in the year-earlier period.
