February 7, 2020 / 6:14 AM / 22 days ago

Norsk Hydro Q4 earnings lag forecast

OSLO, Feb 7 (Reuters) - Aluminium producer Norsk Hydro reported a much smaller than expected rise in fourth-quarter earnings on Friday and said its results were weighed down by low metals prices.

Underlying October-December earnings before interest and tax rose to 560 million Norwegian crowns ($60.69 million) from 534 million crowns a year earlier, lagging the average estimate of 1.02 billion crowns in a poll supplied by Hydro.

It maintained an annual dividend of 1.25 crowns per share, while analysts on average had expected a decline to 1.20 crowns. ($1 = 9.2269 Norwegian crowns) (Reporting by Victoria Klesty and Terje Solsvik; Editing by Muralikumar Anantharaman)

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