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Porsche profit misses consensus by 36.1% in H1

Porsche Automobil Holding SE said its normalized net income for the first half came to €3.91 per share, compared with the S&P Capital IQ consensus estimate of €6.12 per share.

EPS climbed 95.5% year over year from €2.00.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €1.20 billion, a gain of 95.5% from €612.5 million in the year-earlier period.

Reported net income rose 94.2% from the prior-year period to €1.90 billion, or €6.21 per share, from €980.0 million, or €3.20 per share.