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Schindler Holding profit misses consensus by 15.5% in Q2

Schindler Holding AG said its normalized net income for the second quarter came to CHF1.79 per share, compared with the S&P Capital IQ consensus estimate of CHF2.12 per share.

EPS increased 31.8% year over year from CHF1.36.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF177.8 million, an increase of 31.2% from CHF135.5 million in the year-earlier period.

The normalized profit margin climbed to 7.1% from 5.5% in the year-earlier period.

Total revenue climbed year over year to CHF2.51 billion from CHF2.47 billion, and total operating expenses totaled CHF2.20 billion, compared with CHF2.19 billion in the year-earlier period.

Reported net income rose 31.3% year over year to CHF214.0 million, or CHF2.16 per share, from CHF163.0 million, or CHF1.63 per share.