Vocus Group Ltd Weak guidance hitting the stock hard
Weak guidance hitting the stock hard: Vocus Group Ltd (ASX: VOC) stock lost over 3.9% on May 16, 2017 continuing the drag witnessed since the time the group downgraded its forecast. The group now expects FY17 revenue to be ~$1.8 billion against the earlier forecast of over $1.9 billion. FY17 underlying EBITDA is also now expected to be in the range of $365-375m against the forecast of $430-450 million.
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