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Casino Guichard-Perrachon profit misses consensus by 93.2% in H1

Casino Guichard-Perrachon SA said its normalized net income for the first half came to 4 euro cents per share, compared with the S&P Capital IQ consensus estimate of 60 cents per share.

EPS fell 93.5% year over year from 63 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €7.4 million, a decline of 89.6% from €70.9 million in the prior-year period.

Total revenue rose on an annual basis to €23.67 billion from €23.25 billion, and total operating expenses grew on an annual basis to €23.17 billion from €22.49 billion.

Reported net income grew from the prior-year period to €30.0 million, or 17 cents per share, from €9.0 million, or 8 cents per share.