Saipem's 2013 Profit Forecast Halves, Shares Drop 📉
Saipem expects 2013 profit to be half of analyst estimates, causing a 33% share decline and impacting the oil service sector.
Financial Times
1.8K views • Mar 4, 2019
About this video
Italian oil services group Saipem says its 2013 profit will be around half of what analysts had been expecting. Its shares tumbled by a third and the sector was dragged lower. Lex's Stuart Kirk and Vincent Boland discuss whether this event is company-specific or represents a wider sector issue.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video
Video Information
Views
1.8K
Duration
3:00
Published
Mar 4, 2019
User Reviews
3.7
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