UPDATE: Mainfreight shares slip as first-half earnings growth lags estimates

Mon, 10 Nov 2014

(Updates shares, adds investor comment) By Jonathan Underhill Nov. 11 (BusinessDesk) - Mainfreight shares, which have jumped by a third this year, fell after the NZX-listed transport group posted first-half earnings that disappointed some investors, with mixed results in the US and more work to do to lift profits in Europe. The stock dropped 1.6 percent to $15.80 after the Auckland-based company posted a 17 percent gain in first-half earnings before one-time items and foreign exchange movements to $33.7 million on a 3.6 percent increas...

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