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Endesa profit misses consensus by 42.3% in Q3

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.