Rautaruukki Posts Q3 Net Loss, Lowers Full-Year Forecast

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Rautaruukki Oyj
RUKKF
posted a wider-than-expected third-quarter net loss and lowered its full-year forecast. Rautaruukki posted a quarterly net loss of EUR29 million, versus a year-ago net loss of EUR21 million. However, analysts were expecting a net loss of EUR12.2 million. Its net sales rose to EUR675 million, from EUR674 million, and versus analysts' estimates of EUR674.8 million. Rautaruukki's operating loss came in at EUR20 million, versus a year-ago loss of EUR24 million. However, analysts were expecting a EUR4.4 million operating loss.
Posted In: EarningsNewsGuidanceloss
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