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Stock Market & Financial Investment News

News Breaks
December 11, 2012
17:30 EDTGEFGreif provides outlook for FY13
"Factors impacting the global economy during FY12 are expected to continue into FY13. These include challenging market conditions driven by macroeconomic and political uncertainties. For FY13, we anticipate a slight increase in volumes compared with FY12 and margin improvement based on stable raw material costs, coupled with improved operating performance and full realization of the recent containerboard price increase. We anticipate that EBITDA will be between $450M-$500M for FY13. Additionally, net interest expense is anticipated to be below FY12, reflecting lower debt levels. Capital expenditures are expected to be between $140M-$150M for FY13. The book tax rate is expected to be between 31%-34% for FY13.
News For GEF From The Last 14 Days
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May 29, 2015
13:07 EDTGEFOn The Fly: Top stock stories at midday
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11:25 EDTGEFGreif downgraded to Underperform from Neutral at BofA/Merrill
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07:40 EDTGEFGreif weakness creates buying opportunity, says Wells Fargo
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May 28, 2015
16:18 EDTGEFGreif drops 13% to $36.30 after lowering FY15 adjused EPS view
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16:18 EDTGEFGreif backs prior Q2 adjusted EPS view
For Q2, adjusted EPS per Class A share, excluding gains and losses on the sales of businesses, timberland and property, plant and equipment, and acquisition related costs, as well as restructuring and impairment charges, are expected to be in line with the company’s expectations. However, the FY15 adjusted EPS are now expected to be $1.65-$1.75 per Class A share, compared to the company’s previous adjusted EPS guidance of $2.25-$2.35. The company plans to report its Q2 financial results on June 9.
16:15 EDTGEFGreif cuts FY15 adjusted EPS view to $1.65-$1.75 from $2.25-$2.35
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May 27, 2015
10:01 EDTGEFOn The Fly: Analyst Downgrade Summary
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07:33 EDTGEFGreif downgraded to Neutral from Buy at DA Davidson
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