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Lukoil Shares Retreat as Fourth-Quarter Net Misses Estimates

Shares of OAO Lukoil slid in Moscow trading after Russia’s second-biggest oil producer said fourth-quarter net income dropped 39 percent to $1.35 billion compared with a year earlier, missing estimates.

The stock fell as much as 1.6 percent and traded down 0.3 percent at 1,870.50 rubles at the close in Moscow.

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