Unilever NV said its normalized net income for the second half amounted to 70 euro cents per share, compared with the S&P Capital IQ consensus estimate of 90 cents per share.

EPS declined 23.0% year over year from 91 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €2.01 billion, a decline of 23.0% from €2.61 billion in the prior-year period.

Total revenue climbed 8.0% year over year to €26.28 billion from €24.34 billion, and total operating expenses climbed 15.0% year over year to €22.73 billion from €19.77 billion.

Reported net income rose year over year to €2.43 billion, or 85 cents per share, from €2.34 billion, or 82 cents per share.

For the year, the company's normalized net income totaled €1.46 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.82.

EPS declined 5.2% from €1.54 in the prior year.

Normalized net income was €4.16 billion, a decrease of 6.1% from €4.43 billion in the prior year.

Full-year total revenue rose 10.0% year over year to €53.27 billion from €48.44 billion, and total operating expenses rose 13.1% year over year to €45.88 billion from €40.55 billion.

The company said reported net income decreased on an annual basis to €4.91 billion, or €1.72 per share, in the full year, from €5.16 billion, or €1.79 per share.