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E.ON SE swings to loss in Q3

E.ON SE said its third-quarter normalized net income came to a loss of 4 euro cents per share, compared with the S&P Capital IQ consensus estimate of 3 cents per share.

The per-share result swung to a loss from the prior-year profit of €2.86.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €85.0 million, compared with income of €5.57 billion in the prior-year period.

The normalized profit margin declined to negative 1.0% from 69.3% in the year-earlier period.

Total revenue rose 5.5% on an annual basis to €8.49 billion from €8.04 billion, and total operating expenses declined from the prior-year period to €9.35 billion from €9.67 billion.

Reported net income totaled a loss of €166.0 million, or a loss of 8 cents per share, compared with income of €5.50 billion, or €2.82 per share, in the year-earlier period.