Sherritt International Loses Third-Quarter Profits On Lower Nickel Prices

Oct. 31, 2012 10:48AM PST

Reuters reported Sherritt International Corp (TSX:S) posted a third-quarter loss on Wednesday as lower nickel prices and sales volumes.

As quoted in the market news:

The miner’s net loss was C$22.6 million, or 8 Canadian cents a share, in the quarter ended Sept 30. That compared with a profit of C$45.5 million, or 16 cents a share, in the year-earlier period.
Adjusted to remove one-time items, earnings were 3 Canadian cents a share, compared with average analyst expectations of 9 Canadian cents a shares, according to Thomson Reuters I/B/E/S.

Click here to read the full Reuters report.