Horizon Global Sees FY 2017 Revenue Up 37.2 To 37.6 Pct [Reuters]
Horizon Global Corporation Common Shares (HZN)
Last horizon global corporation common shares earnings: 3/16 06:30 am
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Source: Reuters
Horizon Global Corp (HZN.N) Key Developments | Reuters.com Jan 25 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL ANNOUNCES REVISED EXPECTATIONS FOR 2017 RESULTS.SEES FY 2017 REVENUE UP 37.2 TO 37.6 PERCENT.SEES 2017 DILUTED LOSS PER SHARE IN RANGE OF $0.02 TO $0.08.SEES ?2017 OPERATING PROFIT OF $34.0 MILLION TO $36.0 MILLION, REVISED FROM PRIOR GUIDANCE OF $38.2 MILLION TO $44.2 MILLION?.SEES 2017 ADJUSTED DILUTED EARNINGS PER SHARE IN RANGE OF $0.88 TO $0.96.2017 ?REVISED EXPECTATIONS RESULTED FROM A NUMBER OF FACTORS IN COMPANY'S BUSINESS?.?HORIZON AMERICAS' REVENUE FELL BELOW EXPECTATIONS FOR FY DUE TO SALES SHORTFALL, DELIVERY DELAYS DURING Q4?.HORIZON GLOBAL - ?HORIZON EUROPE-AFRICA'S 2017 OPERATING PROFIT FELL BELOW EXPECTATIONS DUE TO UNFAVORABLE SALES MIX, INCREASED MATERIAL COSTS?.HORIZON GLOBAL- 2017 DILUTED EPS WERE REDUCED BY ESTIMATE OF EFFECTS ON EXISTING DEFERRED TAX BALANCES, ONE-TIME TRANSITION TAX UNDER TAX REFORM.FY2017 EARNINGS PER SHARE VIEW $1.08, REVENUE VIEW
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