Gooch & Housego – emphasises “trading in line with management's expectations”, but what does that mean for the bottom-line?
By Steve Moore | Tuesday 4 April 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Photonic components and systems manufacturer Gooch & Housego (GHH) has issued a trading update post its half-year ended 31st March 2023 including that “output levels have increased and we have made steady progress in reducing the level of our overdue order book… expect trading for the full year to be in line with management's previously reported expectations”. So what of a share price currently down towards 440p, having reached 585p earlier this year?
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