Trade Me earnings outlook revised down 4 percent for 2014, 2015 after first half disappoints

Tue, 25 Feb 2014

By Tina Morrison Feb. 25 (BusinessDesk) – Trade Me Group’s forecast earnings have been revised down by about 4 percent for each of the next two years after New Zealand’s largest auction site posted lower-than-expected first half profit as expenses increased at a faster pace than revenue and it warned future growth would be “subdued”. Analysts polled by Reuters have pulled back their expectations for 2014 net profit by an average 4.1 percent and for 2015 profit by 4.3 percent after Trade Me last week posted first-half profit growth of 1.7 per...

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