William Hill Ltd. said its normalized net income for the fiscal first half ended June 28 amounted to 7 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 11 pence per share.
EPS declined 21.5% year over year from 9 pence.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £64.1 million, a decrease of 21.9% from £82.1 million in the year-earlier period.
Total revenue came to £814.4 million, compared with £808.1 million in the prior-year period, and total operating expenses climbed 5.0% from the prior-year period to £690.5 million from £657.9 million.
Reported net income increased 20.9% year over year to £84.5 million, or 10 pence per share, from £69.9 million, or 8 pence per share.