Neste Oyj said its second-quarter normalized net income came to 58 euro cents per share, compared with the S&P Capital IQ consensus estimate of 74 cents per share.
EPS decreased 5.0% year over year from 61 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €149.0 million, a decrease of 5.5% from €157.8 million in the prior-year period.
The normalized profit margin dropped to 4.5% from 5.4% in the year-earlier period.
Total revenue increased 12.1% year over year to €3.28 billion from €2.93 billion, and total operating expenses increased 13.1% from the prior-year period to €3.02 billion from €2.67 billion.
Reported net income fell 6.6% year over year to €199.0 million, or 78 cents per share, from €213.0 million, or 83 cents per share.
