08 Sep 2015
Downgraded guidance for FY16
Oxford Instruments’ AGM update is guiding to reduced expectations for FY16 due to price pressure in superconducting wire and a difficult trading environment for industrial product sales in China. The profit downgrade for the group looks set to be greater than 5% (the negative impact from superconducting wire) but not into double digits (adjusted operating profit is reported to be ahead of the same period last year). We believe that this represents the 11th consecutive quarter of downgrades to co ....
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Downgraded guidance for FY16
Oxford Instruments plc (OXIG:LON) | 2,110 1055 2.4% | Mkt Cap: 1,221m
- Published:
08 Sep 2015 -
Author:
Jo Reedman -
Pages:
3
Oxford Instruments’ AGM update is guiding to reduced expectations for FY16 due to price pressure in superconducting wire and a difficult trading environment for industrial product sales in China. The profit downgrade for the group looks set to be greater than 5% (the negative impact from superconducting wire) but not into double digits (adjusted operating profit is reported to be ahead of the same period last year). We believe that this represents the 11th consecutive quarter of downgrades to co ....