Sunday, November 26, 2023

Virgin Money's profit misses forecasts as cost pressures bite | Reuters



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The company's pre-tax profit slumped 42% to 345 million pounds ($430 million) for the 12 months to Sept. 30, compared with a 430 million pounds average of analyst estimates compiled by the company.

Analysts at JPMorgan described the results as "mixed", but said higher costs would likely lead to analyst downgrades to its earnings outlook.

Publisher: Reuters
Date: 2023-11-23T08:53:43Z
Author: Eva Mathews Iain Withers
Twitter: @Reuters
Reference: (Read more) Visit Source





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