Brief: Mistras Group Not Providing Guidance For Full Year 2020

Mistras

18/05/2020 22:25

May 18 (Reuters) - Mistras Group Inc  MG.N :
    * MISTRAS GROUP ANNOUNCES FIRST QUARTER 2020 RESULTS
    * Q1 REVENUE $159.5 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$148.7 MILLION
    * STRATEGIC ACTIONS IMPLEMENTED TO LOWER COSTS FURTHER IN
2020
    * COVID-19 AND RELATED IMPACT ON CRUDE OIL PRICES TRIGGER
NON-CASH
IMPAIRMENT CHARGES OF $106.1 MILLION IN QUARTER
    * NOT PROVIDING GUIDANCE FOR FULL YEAR 2020
    * DOES ANTICIPATE REVENUES FOR Q2 TO DECREASE UP TO HIGH 30%
FROM
PRIOR PERIOD LEVEL
    * OPTIMISTIC THAT CONSOLIDATED REVENUE IN H2 OF 2020 WILL BE
HIGHER THAN H1 OF 2020
    * QTRLY LOSS PER SHARE $3.40
    * QTRLY LOSS PER SHARE EXCLUDING SPECIAL ITEMS
(NON-GAAP)$0.24
    * Q1 EARNINGS PER SHARE VIEW $-0.20 -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX6F5w7S 
Further company coverage:  MG.N 

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