UPDATE: Genesis Energy stock falls on stretch to reach FY earnings target

Tue, 24 Feb 2015

Feb. 24 (BusinessDesk) - Genesis Energy shares fell after New Zealand’s largest energy retailer said it faced "headwinds" of weaker global oil prices and aggressive competition for customers that would make it a stretch to reach its full-year earnings target. The shares declined 2.2 percent to $2.21 after Auckland-based Genesis released its first-half results, showing a 15 percent gain in operating earnings to $172.8 million for the six months ended Dec. 31. The company declared a first-half dividend to 8 cents a share and said it would meet...

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