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Sodexo profit misses consensus by 19.0% in fiscal H1

Sodexo SA said its normalized net income for the fiscal first half ended Feb. 28 amounted to €2.15 per share, compared with the S&P Capital IQ consensus estimate of €2.65 per share.

EPS decreased year over year from €2.24.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €327.4 million, a decrease of 5.0% from €344.6 million in the prior-year period.

Total revenue totaled €10.63 billion, compared with €10.60 billion in the prior-year period, and total operating expenses totaled €10.05 billion, compared with €9.98 billion in the year-earlier period.

Reported net income fell year over year to €348.5 million, or €2.29 per share, from €359.1 million, or €2.33 per share.