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Jerí³nimo Martins profit misses consensus by 17.0% in Q1

Jerónimo Martins SGPS S.A. said its first-quarter normalized net income came to 10 euro cents per share, compared with the S&P Capital IQ consensus estimate of 12 cents per share.

EPS climbed 18.6% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €62.6 million, a gain of 18.6% from €52.8 million in the prior-year period.

The normalized profit margin rose to 1.9% from 1.7% in the year-earlier period.

Total revenue grew 5.9% year over year to €3.38 billion from €3.19 billion, and total operating expenses climbed 5.5% on an annual basis to €3.27 billion from €3.09 billion.

Reported net income rose 19.3% on an annual basis to €77.3 million, or 12 cents per share, from €64.8 million, or 10 cents per share.