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via finance.yahoo.comBusiness & Companies

Hydro Q3 core earnings up 52% but miss forecasts on weak cash flow

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Norwegian aluminium and renewable energy group Hydro on Friday reported a 52% jump in third-quarter adjusted core earnings to 9.09 billion crowns , but the result fell short of analysts' expectations as weak cash generation and a slump in power earnings offset…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishEarnings growth but weaker cash flow and higher net debt than expected weigh on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Adjusted core earnings rose 52% to 9.09 billion crowns.
  2. 02The average analyst forecast was 9.53 billion crowns.
  3. 03Free cash flow was 1.37 billion crowns, versus 2.64 billion expected.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Norsk Hydro ASANHY.OLStock67.40 NOK-6.08%today -6.08%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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