Market Overview

Glencore Xstrata Posts 2014 Net Loss

Share:
Related GLNCY
Wall Street's M&A Chatter From May 23: Bioverativ, Sonus, Glencore-Bunge, Royal Dutch Shell-Canadian Natural Resources
Glencore Collects $2.5 Billion In Partial Sale Of Its Agribusiness

Glencore Xstrata PLC (OTC: 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.

Posted-In: lossEarnings News

 

Related Articles (GLNCY)

View Comments and Join the Discussion!