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Jerí³nimo Martins profit misses consensus by 19.5% in Q3

Jerónimo Martins SGPS S.A. said its third-quarter normalized net income was 15 euro cents per share, compared with the S&P Capital IQ consensus estimate of 19 cents per share.

EPS climbed 15.6% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €95.4 million, an increase of 15.5% from €82.6 million in the prior-year period.

The normalized profit margin rose to 2.5% from 2.3% in the year-earlier period.

Total revenue climbed 7.1% year over year to €3.78 billion from €3.53 billion, and total operating expenses increased 6.9% year over year to €3.61 billion from €3.38 billion.

Reported net income grew from the prior-year period to €329.5 million, or 52 cents per share, from €102.7 million, or 16 cents per share.