Fletcher reiterates FY operating earnings guidance at lower end of $650M to $690M range

Mon, 04 May 2015

By Jonathan Underhill May 5 (BusinessDesk) - Fletcher Building, whose shares have missed the rally on New Zealand's bourse in the past five years, has reiterated its forecast for full-year earnings and capital spending to be at the lower end of its guidance range. Operating earnings before one-time items would be at the lower end of the range of $650 million to $690 million in the 12 months ending June 30, the Auckland-based building products and construction group said in a statement, repeating the guidance it gave with its first-half re...

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