Stora Enso Posts Q3 Profit, Plans To Cut 520 Jobs

by Benzinga Staff
October 23, 2012 6:51 AM | 24 seconds read | Make a Comment

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Stora Enso Oyj (OTC: SEOAY) reported a profit in the third quarter and announced its plans to lower 520 jobs.Stora Enso posted a quarterly net profit of EUR80 million, versus a year-ago loss of EUR49.9 million. However, analysts were expecting a net profit of EUR83 million. Its net sales fell to EUR2.69 billion from EUR2.74 billion, while operating profit dropped to EUR161.3 million from EUR178.6 million. However, analysts were expecting operating profit of EUR147.3 million.Stora Enso shares closed at $6.06 yesterday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

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