DSV A/S said its normalized net income for the second quarter was 2.59 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 2.98 kroner per share.
EPS rose 15.4% year over year from 2.24 kroner.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 442.8 million kroner, a gain of 13.2% from 391.3 million kroner in the prior-year period.
The normalized profit margin climbed to 3.4% from 3.2% in the year-earlier period.
Total revenue grew 7.9% on an annual basis to 13.13 billion kroner from 12.16 billion kroner, and total operating expenses increased 7.5% from the prior-year period to 12.32 billion kroner from 11.46 billion kroner.
Reported net income grew 14.6% year over year to 532.0 million kroner, or 3.11 kroner per share, from 464.1 million kroner, or 2.66 kroner per share.
As of Aug. 4, US$1 was equivalent to 6.81 Danish kroner.
