EVS: Drops after weak Q1 and disappointing outlook

Evs SA

17/05/2018 08:56

** Shares in Belgian broadcast equipment co  EVSB.BR  drop
more than 15 pct, on track for worst day in three yrs, after Q1
results below analyst expectations
    ** EVS reports Q1 revenue at EUR 22.8 mln (vs consensus at
EUR 23.6 mln, per KBC), order book declining 9 pct yoy, and
expects 2018 operating expenses to grow moderately  urn:newsml:reuters.com:*:nFWN1SN100
    ** KBC cuts to "hold", cites "weak 1Q18, weak order book,
weak outlook" and lowers PT to EUR 29 (c. -11 pct)
    ** Co's stock trading almost 10x 30 day avg 
    

 ((manon.jacob.thomsonreuters.com@reuters.net))