HLSE:OUT1VMetals and Mining
Outokumpu (HLSE:OUT1V) Stock Rebounds On Profit Return As Q3 Softens
Outokumpu Oyj stock has been stuck in reverse lately, with the share price down about 11% over the past week even as investors were waiting for a clearer profit story. The headline from Q2 is that stainless steel is paying again. The company swung back into the black with basic earnings per share of €0.05 and net income of €25m on revenue of €1,582m.
For a stock trading at €5.19 and still loss making on a trailing twelve month basis, this quarter is less about victory and more about proving...