We discuss how share prices react in the aftermath of a profit alert
Thursday 06 Jun 2019 Author: Martin Gamble
UK companies this year issued the highest number of first quarter profit warnings since the financial crisis, says consultant E&Y. The number of warnings was up more than 20% year-on-year as companies were hit by domestic Brexit-related uncertainty as well as global growth fears. It can be painful for shareholders when a company downgrades profit expectations but not all profit alerts are equal. In this article we will discuss...