Shares in Leroy Seafoods were up nearly 3 percent in Monday trading despite the company reporting a drop in third quarter earnings on Friday.
The lower earnings came with the salmon and whitefish producer’s balance sheet weighed down by low prices during the three-month period.
The results failed to impress analysts at Sparebank 1
“Both wild-catch and value-added processing (VAP) are 20 to 30 percent below our estimate. Core farming is not that bad, but still around 10 percent below our forecast,” Tore Tonseth wrote in a note to investors.
