National Grid plc said its normalized net income for the fiscal first half ended Sept. 30 was 24 Great British pence per share, compared with the S&P Capital IQ consensus estimate of 28 pence per share.
EPS decreased year over year from 25 pence.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £848.0 million, a decline from £863.0 million in the year-earlier period.
Total revenue rose 5.1% on an annual basis to £7.20 billion from £6.85 billion, and total operating expenses rose 6.1% year over year to £5.37 billion from £5.06 billion.
Reported net income decreased 52.0% on an annual basis to £502.8 million, or 15 pence per share, from £1.05 billion, or 30 pence per share.
