Pace PLC (PIC.L)
7 Mar 2014
|Market Cap (Mil.):||£1,405.20|
|Shares Outstanding (Mil.):||314.03|
- 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)
Oct 23 - British set-top box maker Pace Plc said it would buy U.S.-based network gear maker Aurora Networks Inc for $310 million in cash to diversify its products to cable customers.