Vallourec core profit falls short of forecasts, shares drop
Source: Reuters
Nov 21 (Reuters) - French steelmaker Vallourec's (VLLP.PA) shares slipped on Monday after it reported a 55% rise in quarterly core profit, driven by its tubes business, which fell short of expectations.Vallourec also reported negative free cash flow of 81 million euros for the third quarter, but said it still expects this to turn positive for the second half of 2022.Shares in Vallourec, which are up more than 22%…
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