Wednesday February 26, 2020

INM shares fall further as analysts cut forecasts

The downgrades follow yesterday's profit warning from the media group

20th July, 2017
The Irish Independent Pic: RollingNews.ie

The shares, which closed 15 per cent lower at €0.11 last night, were trading at €0.099 by 09:30 a.m. in Dublin, down 10 per cent.

Analysts had been expecting a drop of around nine per cent in the company's profits before yesterday's warning but have now moved to further cut their forecasts.

Davy Stockbrokers said it will reduce its forecast for 2017 earnings before interest and tax (EBIT) to €34 million from €38.3 million, a drop of...

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