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Nexen Tire profit misses consensus by 53.9% in Q3

4914421 said its third-quarter normalized net income amounted to 176.48 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 382.72 won per share.

EPS fell 12.2% year over year from 201.04 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 16.75 billion won, a decline of 17.7% from 20.36 billion won in the prior-year period.

The normalized profit margin dropped to 3.6% from 4.7% in the year-earlier period.

Total revenue climbed 7.9% year over year to 470.31 billion won from 435.87 billion won, and total operating expenses climbed 8.4% from the prior-year period to 418.59 billion won from 386.31 billion won.

Reported net income declined 31.9% year over year to 18.84 billion won, or 198.46 won per share, from 27.65 billion won, or 273.00 won per share.

s of Nov. 16, US$1 was equivalent to 1,172.80 South Korean won.Nexen Tire Corp.

4914421 said its third-quarter normalized net income amounted to 176.48 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 382.72 won per share.