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via seekingalpha.comBusiness & Companies

Safran backs full-year guidance but analysts expected more; shares fall 10%

FROM THE WIRE · SEEKINGALPHA.COM

[cfm56 jet engine] lsannes/iStock via Getty Images Safran (SAFRY [https://seekingalpha.com/symbol/SAFRY]) (SAFRF [https://seekingalpha.com/symbol/SAFRF]) plunged 10% in European trading Friday despite reporting higher Q3 revenue…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe aerospace stock drops sharply despite in-line revenue, on disappointment in aftermarket growth.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The shares fell 10% in European trading on Friday.
  2. 02Q3 revenue grew 13.4% organically to €9 billion.
  3. 03Jefferies said propulsion aftermarket growth slowed and fell short of expectations.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Safran S.A.SAFRYStock84.51 USDMarket closedtoday -3.21%Negative Safran S.A.SAFRFStock341.58 USDMarket closedtoday -3.51%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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