Bakkafrost falls after Q3 earnings miss
BUZZ-Bakkafrost falls after Q3 earnings miss ** Shares in Bakkafrost BAKKA.OL fall 5.4% after the Oslo-listed fish farmer reported quarterly results below expectations
** The group's revenue came in at DKK 1.68 billion and operational EBIT landed at DKK 127.5 million in Q3, below consensus estimates cited by UBS of DKK 1.74 billion and DKK 245.3 million, respectively
** Bakkafrost's total combined harvest of Faroe Islands and Scotland farming segments decreased to 27,634 metric tons gutted weight (tgw) from 30,678 tgw in the same period last year
** The global supply is expected to decline 3% YoY in Q4, excluding inventory movements, while supply growth is expected to be low in 2027, the Faroe Islands-based company said
** Including today's losses, Bakkafrost shares have been down about 17% YTD
(Reporting by Alexander Klyve Gudbrandsen)