Friday, May 12, 2017

Thyssenkrupp Posts Q2 Net Loss; Now Sees Net Loss In FY17; Stock Dips

Shares of Thyssenkrupp AG were losing around 3 percent in the morning trading after the German industrial and technology company reported Friday a net loss in its second quarter, compared to last year's profit, despite higher sales. Looking ahead, for fiscal 2017, the company revised its outlook and now sees a net loss, while it lifted adjusted EBIT view.

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