Glencore Xstrata Posts 2014 Net Loss

Glencore Xstrata PLC GLNCY posted a net loss in 2013. Glencore Xstrata posted a net loss of $7.4 billion for the year, versus a year-ago net profit of $1 billion. However, analysts were expecting a net loss of $6.24 billion. Its adjusted earnings before interest and taxes climbed 34% to $5.97 billion. Glencore Xstrata shares closed at $10.86 yesterday.