Renishaw reports 2% profit growth but expects second half pickup
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Renishaw PLC reported a 2% growth in profit but experienced a 7.8% drop in share price due to lower-than-expected interim profits. The company anticipates a stronger performance in the second half.
February 13, 2025 | 10:00 am
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Renishaw PLC reported a 2% increase in profit, but shares fell 7.8% due to lower-than-expected interim profits. The company expects a better performance in the second half.
The 7.8% drop in Renishaw's share price indicates a negative market reaction to the lower-than-expected interim profits, despite a 2% profit growth. The anticipation of a stronger second half may mitigate some concerns, but the immediate impact is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100