SharkNinja shares soar 11% as third quarter results crush expectations
Investing.com -- Bpost shares dropped 10% after the company reported third-quarter adjusted EBIT results that fell short of consensus estimates, despite narrowing its full-year guidance to the upper end of its previous range.
The company had previously warned investors about significant customer churn in its 3PL North America division but had not specified when or how severely this would impact the business. It has now been revealed that approximately €60 million in revenue, representing about a quarter of the division’s total revenues, has disappeared from 3PL North America.
This revenue loss exceeded analyst expectations, contributing to the negative market reaction.
Despite the disappointing quarterly performance, bpost has narrowed its full-year adjusted EBIT guidance to €180 million, compared to its previous guidance range of €150-180 million. The company indicated that the customer churn that surprised analysts had already been fully incorporated into its internal planning.
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