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Enel SpA profit beats consensus by 155.2% in Q3

Enel SpA said its normalized net income for the third quarter was 19 euro cents per share, compared with the S&P Capital IQ consensus estimate of 8 cents per share.

EPS climbed 50.0% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.85 billion, a gain of 55.8% from €1.19 billion in the prior-year period.

The normalized profit margin increased to 9.6% from 6.4% in the year-earlier period.

Total revenue climbed on an annual basis to €19.20 billion from €18.73 billion, and total operating expenses declined from the prior-year period to €15.42 billion from €15.71 billion.

Reported net income declined 9.2% from the prior-year period to €256.0 million, or 3 cents per share, from €282.0 million, or 3 cents per share.