Investor AB said its second-quarter normalized net income amounted to a loss of 6.74 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 11.18 kronor per share.
The per-share result swung to a loss from the prior-year profit of 8.84 kronor.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 5.13 billion kronor, compared with income of 6.74 billion kronor in the prior-year period.
Total operating expenses increased 11.5% on an annual basis to 5.41 billion kronor from 4.85 billion kronor.
Reported net income totaled a loss of 8.47 billion kronor, or a loss of 11.13 kronor per share, compared with income of 11.54 billion kronor, or 15.14 kronor per share, in the prior-year period.
As of July 16, US$1 was equivalent to 8.54 Swedish kronor.
