Atlantia SpA said its normalized net income for the first quarter came to 19 euro cents per share, compared with the S&P Capital IQ consensus estimate of 19 cents per share.
EPS climbed 22.0% year over year from 15 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €149.8 million, a gain of 18.0% from €126.9 million in the prior-year period.
The normalized profit margin increased to 13.2% from 11.4% in the year-earlier period.
Total revenue grew on an annual basis to €1.13 billion from €1.11 billion, and total operating expenses grew year over year to €721.0 million from €692.0 million.
Reported net income declined 74.2% from the prior-year period to €32.0 million, or 4 cents per share, from €124.0 million, or 15 cents per share.
