10th Sep 2019 10:47
(Alliance News) - Microscopy and optical imaging instruments maker Oxford Instruments PLC on Tuesday said its annual expectations are unchanged, with revenue and operating profit ahead of the prior year so far.
"Reported revenue and operating profit year to date is above last year, with modest constant currency progress supported by favourable currency movements," said Chair Neil Carson in his annual general meeting statement.
Carson added: "Looking ahead, we expect the second half of the financial year to benefit from the normal seasonal bias, with expectations for the full year remaining unchanged."
The firm noted that its compiled analyst forecast range, in terms of adjusted operating profit for its year ending March 2020, is between GBP51.5 million and GBP53.0 million - average consensus being GBP52.5 million.
Shares in Oxford Instruments were down 1.2% at 1,288.00 pence in London on Tuesday morning.
Related Shares:
Oxford Instruments