January 24, 2018 / 4:21 AM / a month ago

BUZZ-India's United Spirits slips on Q3 profit miss

** Shares of United Spirits Ltd slide as much as 6.7 pct at 3,501.10 rupees, marking biggest intraday percentage drop since July 10

** India’s largest liquor company said on Tuesday its third-quarter profit fell about 9 pct, missing estimates, hurt by higher marketing investment

** Kotak Institutional Equities says results were a “major miss”; says EBITDA was at least 25 pct off expectations

** Up to Tuesday’s close, stock had risen 70.2 pct in 12 months

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below