Leonardo SpA said its second-quarter normalized net income was 25 euro cents per share, compared with the S&P Capital IQ consensus estimate of 21 cents per share.
EPS decreased 17.6% year over year from 30 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €144.4 million, a decline of 17.8% from €175.6 million in the prior-year period.
The normalized profit margin fell to 5.1% from 6.1% in the year-earlier period.
Total revenue totaled €2.85 billion, compared with €2.88 billion in the year-earlier period, and total operating expenses fell on an annual basis to €2.61 billion from €2.65 billion.
Reported net income declined 24.7% from the prior-year period to €116.0 million, or 20 cents per share, from €154.0 million, or 27 cents per share.
