Michelin keeps its 2019 guidance despite deteriorating auto market [Reuters]
MICHELIN CIE GEN UNSP/ADR (MGDDY)
NASDAQ:AMEX Investor Relations:
michelin.com/eng/finance/regulated-information/compagnie-generale-des-etablissements-michelin-amf
Company Research
Source: Reuters
Michelin keeps its 2019 guidance despite deteriorating auto market - Reuters 1 Min Read PARIS (Reuters) - French tyre maker Michelin ( MICP.PA ) cut its full-year market forecasts again on Thursday, pointing out a sharper-than-expected downturn in the truck segment, but the company maintained its full-year guidance. The group, which said two weeks ago it would close a French plant in response to deteriorating conditions of the auto industry, also posted a 8.9% increase in third-quarter revenue to 6.115 billion euros ($6.78 billion). Michelin said in a statement that the truck tire markets are now expected to end the year down 4%, versus a previous forecast of a 2% decline. The group confirmed it expects a segment operating income exceeding the 2018 figure at constant exchange rates and before the estimated 150 million euros contribution from the Fenner and Camso businesses. It also expects a structural free cash flow of more than 1.45 billion euros. Reporting by Gilles Guillaume; Wr
Show less
Read more
Impact Snapshot
Event Time:
MGDDY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MGDDY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MGDDY alerts
High impacting MICHELIN CIE GEN UNSP/ADR news events
Weekly update
A roundup of the hottest topics
MGDDY
News
- Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS: MGDDY) was downgraded by analysts at HSBC Holdings plc from a "buy" rating to a "hold" rating.MarketBeat
- Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCMKTS: MGDDY) was upgraded by analysts at Citigroup Inc. to a "strong-buy" rating.MarketBeat