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Magnit OAO Updates FY 2013 Revenue Guidance; Issues FY 2014 Revenue Guidance


Tuesday, 24 Sep 2013 03:41am EDT 

Magnit OAO announced that for fiscal 2013 it expects sales growth guidance of 29%-30%. For fiscal 2014, it expects sales growth guidance of 25%. The Company reported revenue of $14.430 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $18.517 billion for fiscal 2013. 

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