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Usiminas Posts Q3 Net Loss

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Brazil's Usinas Siderúrgicas de Minas Gerais SA (OTC: USNZY) posted a net loss in the third quarter.

It posted a quarterly net loss of 124.85 million reais ($62 million), versus a year-ago net income of 154.03 million reais. Usiminas posted a loss of 86.51 million reais in the second quarter. However, analysts were expecting a loss of 91.5 million reais.

Usiminas shares closed at $4.97 yesterday.

Posted-In: lossEarnings News


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