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Royal Dutch Shell profit misses consensus by 41.7% in Q3

Royal Dutch Shell plc said its third-quarter normalized net income came to 14 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.

The per-share result swung to a profit from the prior-year loss of 90 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.10 billion, compared with a loss of $5.72 billion in the year-earlier period.

The normalized profit margin rose to 2.6% from negative 8.3% in the year-earlier period.

Total revenue fell 10.0% year over year to $61.85 billion from $68.71 billion, and total operating expenses fell 22.7% on an annual basis to $60.13 billion from $77.78 billion.

Reported net income came to $1.38 billion, or 17 cents per share, compared with a loss of $7.42 billion, or a loss of $1.17 per share, in the year-earlier period.