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Henkel & KGaA profit misses consensus by 15.0% in Q3

Henkel AG & Co. KGaA said its third-quarter normalized net income amounted to €1.08 per share, compared with the S&P Capital IQ consensus estimate of €1.27 per share.

EPS increased 12.8% year over year from 96 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €469.4 million, a gain of 12.8% from €416.3 million in the prior-year period.

The normalized profit margin rose to 10.2% from 9.8% in the year-earlier period.

Total revenue rose 8.4% on an annual basis to €4.59 billion from €4.24 billion, and total operating expenses climbed 7.6% year over year to €3.81 billion from €3.54 billion.

Reported net income grew 10.0% year over year to €484.0 million, or €1.11 per share, from €440.0 million, or €1.01 per share.