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Archer Ltd Issues Q1 2013 Financial Guidance with EBITDA Outlook in Line with Analysts' Estimates


Thursday, 28 Feb 2013 02:03pm EST 

Archer Ltd announced that the Company expects its Q1 2013 revenue to be down. Apart from this, compared to Q4 2012 EBITDA of USD 29.5 million, the Company prognoses an increased EBITDA in Q1 2013, although margins in North America remain depressed with continued pressure on pricing. According to I/B/E/S Estimates, analysts on average are expecting the Company to report EBITDA of USD 58.50 million for Q1 2013. 

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