Aurubis Shares Drop Despite Beat as Richmond Project Delay and Cash Strain Weigh
Aurubis AG reported a third-quarter operating EBT of €149 million and revenue of €6.45 billion, both ahead of consensus, and pushed its full-year operating pre-tax profit guidance to the top of its €425 million-€525 million range. Despite the beat, the stock fell 3.7% to €184.60 as investors reacted to a roughly one-year delay at the Richmond, Virg…