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06 Jun 2019 | 09:14

CAP-XX expects earnings top market expectations, but revenue to fall short amid ongoing US-China trade war

Supercapacitors manufacturer CAP-XX said that it expected earnings to be in-line with market expectations, but revenue to fall short following a shortfall in new orders from Spire amid the ongoing US-China trade war. Earnings (EBIT) and (EBITDA) for the year ending 30 June 2019 were expected to be in line with market expectations, the company said. But revenue for the year had been impacted by the rate of conversion of new business opportunities into sales, which had not been sufficient to overcome the shortfall in new orders from Spire, which had been impacted by trade tariffs into the US.

At 9:14am: (LON:CPX) CAPXX Ltd share price was -0.25p at 3.95p

Story provided by StockMarketWire.com
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