Jardine Cycle & Carriage Ltd. said its third-quarter normalized net income came to 29 cents per share, compared with the S&P Capital IQ consensus estimate of 57 cents per share.
EPS decreased year over year from 29 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $106.7 million, compared with $106.5 million in the year-earlier period.
The normalized profit margin rose to 2.9% from 2.3% in the year-earlier period.
Total revenue decreased 19.8% on an annual basis to $3.70 billion from $4.61 billion, and total operating expenses decreased 19.5% year over year to $3.30 billion from $4.10 billion.
Reported net income decreased 14.5% year over year to $182.2 million, or 49 cents per share, from $213.2 million, or 58 cents per share.