ISS shares fall on disappointing regional performance
BUZZ-ISS shares fall on disappointing regional performance ** Shares in ISS ISS.CO fall around 3% after a "solid enough" Q3 print that beat expectations but that saw disappointing regional performance, and kept full-year guidance unchanged
** Americas organic growth weakened sequentially to -1%, impacted still by contract exits in Chile, Jefferies says, only partially offset by pricing and wins in Mexico, albeit US is still flat
** "We note recent Americas contract wins/expansions should help growth into Q4, but contract exits in Chile will still not be annualized," the broker adds
** Q3 revenue came 1% ahead of expectations, with organic growth solid at 6.8%, slightly ahead of consensus
** If losses hold, ISS shares are on track for their worst day since May
(Reporting by Elviira Luoma)
((elviira.luoma@thomsonreuters.com; +48 58 769 66 46;))
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