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Chr. Hansen profit misses consensus by 16.4% in fiscal Q1

Chr. Hansen Holding A/S said its normalized net income for the fiscal first quarter ended Nov. 30, 2016, came to 28 euro cents per share, compared with the S&P Capital IQ consensus estimate of 33 cents per share.

EPS increased 11.7% year over year from 25 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €37.4 million, a gain of 15.6% from €32.4 million in the year-earlier period.

The normalized profit margin rose to 15.5% from 15.1% in the year-earlier period.

Total revenue increased 12.7% year over year to €241.7 million from €214.4 million, and total operating expenses increased 11.6% year over year to €179.0 million from €160.4 million.

Reported net income rose 20.8% year over year to €47.0 million, or 35 cents per share, from €38.9 million, or 30 cents per share.