Jaguar's Lagging Q1 Numbers Have Tata Motors (TTM) Investors Scrambling

Article Stock Quotes (1) Comments (0)

Tata Motors (NYSE: TTM) shares are slumping early Wednesday following the company's Jaguar unit reporting lower-than-expected earnings.

EBITDA of £605.4 million missed views at Deutsche Bank and Nomura Holdings. Excluding a one-time deferred tax benefit, profit slipped to £422 million, missing Nomura's views by about 16 percent.

Margins compressed from 17.0 percent in the three-months ended December 2011 to 14.6 percent.

Sales were bolstered by sales of luxury vehicles and further adaption in emerging markets like Brazil, South Africa, and India.

Shares of Tata are down 9.4 percent in morning trading Wednesday. The stock is at the lowest point since the middle of January.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Tough Print Market Leads Tribune to Lower Profits in FY12 (NWSA)
• Oxford Industries (OXM) Tops Q1 EPS by 4c, Trims Top-End of FY13 Revs Outlook
• Five Below (FIVE) Tops Q1 EPS by 1c, Boosts FY13 Outlook

Create E-mail Alert Related Categories

Corporate News, Earnings

Related Entities

Deutsche Bank, Nomura, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?