Italy's Prysmian confirms 2019 targets after Corning cuts forecast [Reuters]
PRYSMIAN S.P.A. UNSP/ADR (PRYMY)
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Source: Reuters
Italy's Prysmian confirms 2019 targets after Corning cuts forecast - Reuters 1 Min Read MILAN, Sept 17 (Reuters) - Italy’s Prysmian confirmed its 2019 guidance after U.S. rival Corning cut its sales forecast, a spokesman for the world’s largest cable maker said on Tuesday. Corning, which counts Apple among its clients, said earlier on Tuesday it had cut its forecast to a sequential decline of a high-single digit percentage in the third quarter. “Our guidance for 2019 is confirmed for two reasons: it was rather conservative and, in optic-fiber market we still have got margins to face price pressure,” the spokesman said. Prysmian targets adjusted core profits between 0.95-1,02 billion euros this year. (Reporting by Giancarlo Navach, writing by Giulio Piovaccari) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Italy's Prysmian confirms 2019 targets after Corning cuts forecast MILAN, Sept 17 (
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