Endesa SA said its third-quarter normalized net income was 15 euro cents per share, compared with the S&P Capital IQ consensus estimate of 25 cents per share.
The per-share result swung to a profit from the prior-year loss of 6 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €154.6 million, compared with a loss of €65.4 million in the prior-year period.
The normalized profit margin climbed to 5.7% from negative 1.3% in the year-earlier period.
Total revenue decreased on an annual basis to €4.87 billion from €5.07 billion, and total operating expenses fell on an annual basis to €4.59 billion from €4.77 billion.
Reported net income totaled €336.0 million, or 32 cents per share, compared with a loss of €15.0 million, or a loss of 1 cents per share, in the prior-year period.