April 15, 2019 / 4:43 AM / in 8 days

Top fish farmer Mowi misses Q1 earnings forecast

OSLO, April 15 (Reuters) - Mowi, the world’s largest salmon farmer, reported lower-than-expected first-quarter earnings on Monday as earnings margins at its largest unit underperformed forecasts.

The company’s preliminary operational earnings before interest and tax stood at 194 million euros ($219.41 million) for the January-March quarter, while analysts in a Reuters poll on average had predicted 199 million euros. ($1 = 0.8842 euros) (Reporting by Terje Solsvik; Editing by Shreejay Sinha)

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