Norsk Hydro Posts Q3 Net Loss

Norsk Hydro ASA

posted a net loss in the third quarter. Norsk Hydro posted a quarterly net loss of NOK277 million, versus a year-ago net profit of NOK997 million. However, analysts were expecting a net loss of NOK51.7 million. Its underlying earnings before interest and taxes dropped to NOK8 million from NOK1.65 billion. Norsk Hydro's revenue fell to NOK19.00 billion, from NOK23.8 billion, versus analysts' estimates of NOK21.42 billion. Norsk Hydro shares closed at $4.6980 yesterday.