Metso's third-quarter profit misses forecast

By Kitco News / November 02, 2021 / www.kitco.com / Article Link

HELSINKI, Nov 2 (Reuters) - Finland's Metso Outotec reported a smaller-than-expected rise in quarterlycore earnings on Tuesday and said sales were hurt by a backlogbuilding up due to supply chain problems.

The mining equipment maker's July-September comparableearnings before interest, taxes and amortisation rose to 139million euros from 111 million last year, missing the 151.1million mean estimate in a company provided poll.

(Reporting by Essi Lehto; Editing by Kirsten Donovan)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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