Tesco up sharply after earnings beat

It's a good day to be a Tesco (TESO +9.3%) shareholder as the stock soars on the back of the company's Q2 report.

Revenue from TESO's tubular services segment rose 26% Y/Y. Operating margins in the segment were 22% versus 11% in Q2 2012 thanks to higher CDS equipment sales. (PR)

Asked on the CC whether higher margins for tubular services are sustainable, CEO Julio Manuel Quintana says that "overall, [the business has] shifted ... from single-digit, low-teens to a high-teens business, and we believe we can keep it there." (transcript)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs