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Schindler Holding profit misses consensus by 28.3% in Q1

Schindler Holding AG said its normalized net income for the first quarter came to CHF1.23 per share, compared with the S&P Capital IQ consensus estimate of CHF1.72 per share.

EPS fell 5.2% year over year from CHF1.30.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was CHF142.5 million, a decline of 5.0% from CHF150.0 million in the year-earlier period.

The normalized profit margin dropped to 6.3% from 6.9% in the year-earlier period.

Total revenue climbed on an annual basis to CHF2.26 billion from CHF2.18 billion, and total operating expenses grew from the prior-year period to CHF2.00 billion from CHF1.94 billion.

Reported net income fell on an annual basis to CHF179.0 million, or CHF1.55 per share, from CHF182.0 million, or CHF1.58 per share.