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Imperial Brands slumps after lowering guidance

Sep. 26, 2019 1:20 PM ETIMBBY, IMBBFBy: Clark Schultz, SA News Editor46 Comments
  • Imperial Brands (OTCQX:IMBBY, OTCQX:IMBBF) fell 12.92% in London today after issuing a warning on the impact of the crackdown on vaping marketing in the U.S.
  • The tobacco company expects full-year sales growth of 2% vs. a prior range of growth at the upper end of a 1% to 4% range. EPS growth is expected to be flat, compared with medium-term guidance of 4% to 8%.
  • Shares of Imperial Brands are down 40% from their 52-week high.

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