Pace PLC (PIC.L)
23 Jul 2014
|Market Cap (Mil.):||£1,129.11|
|Shares Outstanding (Mil.):||314.51|
May 2 - Shares in British set-top box maker Pace Plc fall as much as 5.6 percent, making it the top percentage loser on Britain's mid-cap FTSE 250 index, after a report saying AT&T has approached DirecTV about a possible purchase of the satellite TV company.
(Corrects paragraph 2 to say Pace expected revenue to increase by about 9.3 pct, not 12.5 pct, in 2014)
- British TV decoder maker Pace Plc posted a 22.5 percent rise in full-year core earnings, driven by soaring demand for its next-generation media servers in North America, and the company forecast 2014 revenue above analysts' estimates.
(Adds CEO and analyst comments, background; updates shares)
(Corrects paragraph 3 to say adjusted earnings before interest, tax and amortisation (EBITA) rose to $193.6 million, not EBITDA)