Fuchs Petrolub: Seen falling on EBIT guidance below expectations
20/03/2019 07:59
** Shares in Germany-based Fuchs Petrolub FPEG_p.DE seen
falling 4 pct in pre-market on low EBIT guidance for 2019
** Co has released guidance for EBIT decline as 5-8 pct vs
cons. -4 pct - Credit Suisse urn:newsml:reuters.com:*:nASM000XKD
** "The primary reason for reducing EBIT yoy is due to
increased headcount and R&D expenditure resulting in a higher
cost base," CS says
** Its analysts anticipate a negative share price response
given EBIT guidance below current consensus
((Oben.mumcuoglu@tr.com))