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Vaisala Q1 loss narrows YOY

Vaisala Oyj said its first-quarter normalized net income was a loss of 5 euro cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 7 cents per share.

The per-share loss narrowed 24.4% year over year from 6 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €1.7 million, compared with a loss of €2.3 million in the year-earlier period.

The normalized profit margin climbed to negative 2.5% from negative 3.9% in the year-earlier period.

Total revenue increased 17.0% year over year to €68.7 million from €58.7 million, and total operating expenses rose year over year to €69.7 million from €66.5 million.

Reported net income totaled a loss of €2.1 million, or a loss of 6 cents per share, compared to a loss of €2.8 million, or a loss of 8 cents per share, in the year-earlier period.