News Formal

Hexagon final second-quarter earnings roughly matches earlier profit warning

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

STOCKHOLM: Industrial technology firm Hexagon on Friday reported quarterly core earnings in line with its profit warning earlier in July. The ...

STOCKHOLM: Industrial technology firm Hexagon on Friday reported quarterly core earnings in line with its profit warning earlier in July.

The company reported second-quarter operating earnings of 239 million euros , up from 228 million in the year-earlier quarter, and just above the 237 million expected when it reported preliminary earnings earlier this month.Hexagon said on July 5 it would cut 700 jobs on the back of a weaker-than-expected China market in June, with the electronics sector seen particularly slow.

"As a response to the uncertainties in the global economy, Hexagon has taken proactive restructuring actions to ensure the company remains on track to meet its 2021 financial targets," CEO Ola Rollen said in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bristol-Myers posts strong second quarter earnings as Eliquis, Orencia surpriseBristol-Myers Squibb , which is set to buy biotechnology company Celgene Corp soon for US$74 billion, posted better-than-expected second-quarter ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »