Deutsche Post down on Q3 results miss, 2024 profit outlook cut below forecasts By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
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Should l Buy ?
Source: Investing.com
Deutsche Post's Q3 Performance: Deutsche Post shares fell 2.1% after reporting third-quarter EBIT of €1.37 billion, which missed analyst expectations due to a one-time gain; core EBIT was €1.3 billion, falling short of the forecasted €1.35 billion.
Future Outlook and Adjustments: The company revised its 2024 EBIT guidance down to above €5.8 billion from a previous range of €6 to €6.6 billion, alongside a downward adjustment for long-term forecasts, reflecting challenges in Express and letter volumes.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
