Tagged: information technology in business systems

Bang & Olufsen stocks drop after disappointing China gross sales

STOCKHOLM, March 17 (Reuters) – Stocks in Bang & Olufsen (BO.CO) plummeted 11% on Friday after the Danish audio and video apparatus maker reported a initial running loss for the 3rd quarter and diminished its full-year benefit outlook because of disappointing gross sales in China.

The corporate posted an running loss sooner than particular pieces for the 3rd quarter of 43 million Danish crowns ($6.14 million) between December to February.

The corporate additionally mentioned it now expects EBIT margin sooner than particular pieces for the total monetary yr finishing Might 31 within the vary of -4% to -1%. It had

Read More