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Bouygues Q3 profit climbs 15.5% YOY

Bouygues SA said its third-quarter normalized net income was €1.01 per share, compared with the S&P Capital IQ consensus estimate of €1.10 per share.

EPS rose 11.5% year over year from 91 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €366.1 million, a gain of 15.5% from €317.0 million in the year-earlier period.

The normalized profit margin climbed to 4.2% from 3.7% in the year-earlier period.

Total revenue rose year over year to €8.72 billion from €8.47 billion, and total operating expenses grew from the prior-year period to €8.11 billion from €7.96 billion.

Reported net income grew 26.8% on an annual basis to €473.0 million, or €1.31 per share, from €373.0 million, or €1.07 per share.