Barco Q2 disappoints, unveils cost-cutting plan
BRUSSELS, July 23 |
BRUSSELS, July 23 (Reuters) - Belgian display and visual systems company Barco (BAR.BR) reported lower than expected second-quarter figures on Wednesday and unveiled a 30 million euro ($47.76 million) cost reduction plan.
Barco, whose displays are used as scoreboards for sports stadiums, medical imaging systems, flight simulators and at pop concerts, said EBIT (earnings before interest and tax) totalled 5.0 million euros.
The average of a Reuters poll of five analysts was for a figure of 13.7 million euros.
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