Continental's 2017 Results and 2018 Margin Guidance Disappoint
Narrow-moat-rated Continental reported full-year 2017 earnings per share before special items of EUR 15.58. This was up EUR 0.68 from EUR 14.90 in EPS reported in the year before, but missed consensus EPS of EUR 15.83 by EUR 0.25. At EUR 44.0 billion, consolidated revenue was 9% higher than the prior year, but excluding the impacts of consolidation and currency translation, year-over-year growth was 8%.We expect Continental to continue to benefit from increased penetration of automotive electro...
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