Pirelli Backs Guidance After Slight Revenue Drop on Exchange Rates
Provided by
Dow Jones
By David Sachs
Pirelli backed its full-year guidance after revenue fell slightly in the first quarter on unfavorable currency exchange rates.
The Italian tire maker said Thursday that revenue was 1.695 billion euros ($1.82 billion) compared with EUR1.70 billion a year prior. Analysts had forecast revenue at EUR1.68 billion, according to the company-compiled consensus.
Pirelli confirmed its full-year guidance.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
May 09, 2024 12:23 ET (16:23 GMT)
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