Randstad Holding NV said its second-quarter normalized net income was 70 euro cents per share, compared with the S&P Capital IQ consensus estimate of €1.01 per share.
EPS declined year over year from 71 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €128.7 million, a decrease from €130.8 million in the year-earlier period.
The normalized profit margin fell to 2.2% from 2.6% in the year-earlier period.
Total revenue grew 14.8% on an annual basis to €5.87 billion from €5.11 billion, and total operating expenses grew 15.5% from the prior-year period to €5.65 billion from €4.89 billion.
Reported net income declined year over year to €149.0 million, or 81 cents per share, from €152.5 million, or 83 cents per share.
