Latest news with #operating margin
Yahoo
2 days ago
- Automotive
- Yahoo
Renault shares tumble 16% after guidance cut, interim CEO appointment
(Reuters) -Shares in Renault were down 16% at 0719 GMT after the French carmaker lowered its 2025 guidance and named finance chief Minto as an interim CEO. It aims to achieve a full-year operating margin of 6.5%, compared with a target of at least 7% previously. It also aims for free cash flow of 1 billion to 1.5 billion euros ($1.16 billion to $1.74 billion), versus more than 2 billion previously. ($1 = 0.8602 euros) Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
India's HCLTech slides on lower operating margin forecast
(Reuters) -Shares of HCLTech dropped about 3% on Tuesday after India's No.3 software services provider lowered its annual operating margin forecast, dampening hopes of a rebound in client spending across the sector. On Monday, HCLTech reduced its annual operating margin forecast to a range of 17% to 18% from a previous projection of 18% to 19% for fiscal year 2026.
CNA
3 days ago
- Business
- CNA
India's HCLTech slides on lower operating margin forecast
Shares of HCLTech dropped about 3 per cent on Tuesday after India's No.3 software services provider lowered its annual operating margin forecast, dampening hopes of a rebound in client spending across the sector. On Monday, HCLTech reduced its annual operating margin forecast to a range of 17 per cent to 18 per cent from a previous projection of 18 per cent to 19 per cent for fiscal year 2026.
