Brambles Ltd. said its normalized net income for the fiscal first half ended Dec. 31, 2016, was 17 cents per share, compared with the S&P Capital IQ consensus estimate of 19 cents per share.
In the prior-year period, the per-share result was a profit of 17 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $278.1 million, compared with $275.5 million in the year-earlier period.
Total revenue rose on an annual basis to $2.79 billion from $2.70 billion, and total operating expenses increased from the prior-year period to $2.29 billion from $2.20 billion.
Reported net income declined 44.0% year over year to $162.5 million, or 10 cents per share, from $290.3 million, or 18 cents per share.