Fortescue shipments miss expectations

Miner misses expectations on iron ore shipments in quarter, warns full-year result will be at lower end of guidance

Fortescue Metals (FMG) has increased its shipments of iron ore substantially in the second quarter, but the results have come in below analysts' expectations.

In the three months to December 31, Fortescue's share of iron ore shipped was 26.7 million tonnes, a 40% increase on the 19.1 million tonnes shipped in the previous corresponding quarter.

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