Investing.com - Norsk Hydro (OTC:NHYDY) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Norsk Hydro announced earnings per share of kr2.91 on revenue of kr52.44. Analysts polled by Investing.com anticipated EPS of kr1.85 on revenue of kr48.46B.
Norsk Hydro shares are down 11% from the beginning of the year, still down 34.80% from its 52 week high of kr94.82 set on April 19.
Norsk Hydro shares lost 0.96% in intra-day trade following the report.
Norsk Hydro follows other major Materials sector earnings this month
Norsk Hydro's report follows an earnings beat by Borregaard on Friday, who reported EPS of kr2.39 on revenue of kr1.75B, compared to forecasts EPS of kr2.18 on revenue of kr1.8B.
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