Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Set-top box maker Pace trims full-year revenue guidance

Published 18/11/2014, 07:45
Set-top box maker Pace trims full-year revenue guidance
PIC
-

(Reuters) - British set-top box maker Pace Plc on Tuesday marginally trimmed its full-year revenue guidance and said it expected full-year operating margins to be greater than 9 percent, a bump up from its previous forecast.

The company which supplies decoders to television operators such as Sky Deutschland AG and AT&T Inc now expects 2014 revenue to be between $2.6 billion and $2.65 billion, slightly short of its previous forecast of $2.7 billion (1.72 billion pound). The company posted revenue of $2.47 billion last year.

Separately, the technology firm said Mark Shuttleworth, a former CFO of Emirates Integrated Telecommunication Company PJSC, would step in as chief financial officer, with effect from Jan. 12.

(Reporting by Esha Vaish and Noor Zainab Hussain in Bangalore; Editing by Sunil Nair)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.