0028 GMT - NRW's maiden new-year revenue guidance has made bull UBS more confident that the engineering contractor can increase EPS at a compound annual rate of 20% the next 3 years. UBS had expected FY revenue of A$970 million ($722 million), but management has set the bar at more than A$1.1 billion while saying 80% of that work is already in hand. Still, the investment bank pares its Ebit margin outlook in mining, citing lower use of NRW equipment as well as some conservatism around labor costs. Shares are down 0.9%. ([email protected]; @dwinningWSJ)
(END) Dow Jones Newswires
July 08, 2018 20:28 ET (00:28 GMT)
0028 GMT - NRW's maiden new-year revenue guidance has made bull...
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