Brief: Exco Technologies Posts Fourth-Quarter Earnings Per Share Of C$0.17

Exco Technologies

27/11/2019 21:44

Nov 27 (Reuters) - Exco Technologies Ltd  XTC.TO :
    * EXCO TECHNOLOGIES ANNOUNCES RESULTS FOR FOURTH QUARTER AND
YEAR
ENDED SEPTEMBER 30, 2019
    * Q4 EARNINGS PER SHARE C$0.17
    * Q4 SALES C$121.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
C$119.2 MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE C$0.20 -- REFINITIV IBES
DATA
    * "FISCAL 2019 PROVED TO BE A MORE DIFFICULT YEAR THAN WE
ANTICIPATED AND OUR Q4 WAS NO EXCEPTION"
    * IN NORTH AMERICA, OVERALL VEHICLE PRODUCTION VOLUMES WERE
ROUGHLY 2% LOWER DURING QUARTER
    * IN EUROPE, MARKET CONDITIONS SOFTENED DURING QUARTER
    * DURING QUARTER, MARKETS IN ASIA REMAINED SOFT, NEGATIVELY
IMPACTING GROUP'S OPERATIONS IN THAILAND
    * IN CASTING AND EXTRUSION UNIT, U.S. STEEL TARIFFS
CONTINUED TO
REDUCE IN QUARTER

Source text for Eikon:  ID:nGNX4WhXj1 
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