(Sharecast News) - Specialist engineering firm IMI said Thursday lifted earnings guidance after a better-than-expected third-quarter performance, but warned of exchange rate headwinds for the full year.
The company on Thursday said revenue for the three months to September 30 rose 6% to £453m. Sales and operating profits for the period were higher on an organic basis than last year and pre-pandemic 2019.
IMI said revenue and profit in the full year would be adversely affected by 4% to 5% if exchange rates in early November continued for the rest of the year.
Adjusted earnings per share were now expected to be 88p - 92p.
IMI (IMI)22 May 2024 09:53
LONDON BROKER RATINGS: Barclays cuts NextEnergy but lifts JLEN
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: