Mechel Posts Q2 Net Loss
Russia's Mechel (NYSE: MTL) posted a net loss of in the second quarter.
Mechel posted a quarterly net loss of $823 million, versus a year-ago profit of $192 million in the year-ago period.
Excluding impairment charges, Mechel posted a net loss of $177 million. However, analysts were expecting a net profit of $18 million.
Mechel shares closed at $6.90 yesterday.
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