Marine Harvest sank as much as 9 percent to NOK 3.25 (€0.42/$0.59) (€0.42/$0.59), the lowest intraday price since May 8, 2009, according to Bloomberg.
Second-quarter net income slid 8 percent to NOK 676 million (€86.6 million/$123.1 million) (€86.6 million/$123.1 million) from a year before as rising supply cut prices, it said Tuesday.
The result missed the NOK 705 million (€90.3 million/$128.3 million) (€90.3 million/$128.3 million) average estimate of 12 analysts surveyed by Bloomberg.
Marine Harvest CEO, Alf-Helge Aarskog, said the company is “concerned” with the balance of the salmon market.
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