Legrand SA said its normalized net income for the first quarter came to 44 euro cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.
EPS increased year over year from 43 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €117.3 million, an increase from €114.8 million in the year-earlier period.
The normalized profit margin dropped to 10.1% from 10.6% in the year-earlier period.
Total revenue increased 7.4% year over year to €1.16 billion from €1.08 billion, and total operating expenses grew 8.6% from the prior-year period to €956.2 million from €880.3 million.
Reported net income increased on an annual basis to €127.4 million, or 47 cents per share, from €125.0 million, or 46 cents per share.
