Ryanair Holdings plc said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, amounted to 5 euro cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS rose year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €66.4 million, a decline from €69.4 million in the prior-year period.

The normalized profit margin declined to 4.9% from 5.2% in the year-earlier period.

Total revenue increased on an annual basis to €1.34 billion from €1.33 billion, and total operating expenses climbed on an annual basis to €1.23 billion from €1.20 billion.

Reported net income declined 7.8% from the prior-year period to €94.7 million, or 8 cents per share, from €102.7 million, or 8 cents per share.