LUKoil Q2 net drops 69% on taxes and missing estimate
03.09.2012
By Stephen Bierman and Jake Rudnitsky
LUKoil said profit slid 69 percent last quarter, missing analyst estimates as it paid more taxes and crude prices fell.
The shares dropped the most in three months.
Net income slumped to $1.02 billion from $3.25 billion a year earlier, the Moscow-based company said in a...