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How Will BHP Stock React to FY16 Loss?

NEW YORK (TheStreet) -- Shares of BHP Billiton (BHP) were increasing in pre-market trading on Tuesday despite the Australian miner reporting a higher-than-expected loss in its fiscal year 2016 ended June 30.

After yesterday's closing bell, BHP Billiton posted a net loss in earnings of $6.4 billion in 2016. The loss was wider than analysts' projections of $5.8 billion.

Last year, the company reported a net profit of $1.91 billion.

The loss stemmed from $8...