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Next Plc Issues FY 2014 Revenue Guidance Below Analysts' Estimates; Raises FY 2014 PBT Guidance And Lowers EPS Guidance
Next Plc announced that for fiscal 2014, it expects sales to rise in a range of +1% to +4%, profits before tax (PBT) to be in a range of GBP615-GBP665 million and earnings per share (EPS) growth in the range of +4% and +13%. The Company reported revenue of GBP3.5 billion and EPS of GBP2.83 in fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of GBP3.7 billion, pre-tax profit of GBP651 million and EPS of GBP3.13 for fiscal 2014.
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