Thursday, May 12, 2016

LafargeHolcim Stock Dips On Q1 Loss, Sees LFL Growth In Adj. EBITDA

Shares of LafargeHolcim were losing around 4 percent in the early morning trading after the cement giant reported Thursday a loss in its first quarter, compared to prior year's profit, on the absence of significant divestment gain. Net sales were higher on a reported basis, but declined 5.5 percent on a pro forma basis, to reflect the merger. The company expects to deliver at least a high single..

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