Aker Solutions Declines as Profit Misses Estimates

August 12, 2010

Aker Solutions ASA slumped the most in six months in Oslo trading after Norway’s biggest maker of oil platforms and equipment reported lower sales and earnings that missed analysts’ estimates.

The shares fell as much as 7.85 kroner, or 9.6 percent, to 74.25 kroner, the biggest intraday decline since Feb. 8, and were at 76.1 kroner as of 12:26 a.m. local time.

To read the rest of the story, click here.

Source: Business Week