Tiger Brokers

BUZZ-IMCD falls after missing Q3 profit expectations

Reuters
Yesterday
BUZZ-IMCD falls after missing Q3 profit expectations

** Shares in Dutch chemicals and foods ingredients company IMCD IMCD.AS fall 5% after publishing lower-than-expected core profit in Q3

** Jefferies says the earnings before interest, taxes and amortization (EBITA) fall 11% to 118.7 million euros ($138.43 million) during the period, below the 123.1 million euros expected in a Visible Alpha consensus mainly due to a negative currency effect of 5%

** "The miss, ..., is due to more pronounced organic earnings decline in Americas and APAC, while EMEA was less bad," JPMorgan analysts adds

** The broker notes that the group also didn't provide any "formal guidance"

** Shares in IMCD are trading at their lowest price since July 2020

($1 = 0.8575 euros)

(Reporting by Mathias de Rozario in Gdansk)

((mathias.derozario@tr.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10