Fortum Oyj FOJCY reported a weaker-than-expected second-quarter net profit.
Fortum's quarterly sales came in at EUR1.28 billion, versus EUR1.32 billion, in the year-ago period. Its net profit dropped to EUR186 million, from EUR472 million, missing analysts' estimates of EUR241.1 million.
Fortum shares closed at $3.57 yesterday.
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