UTi Worldwide (UTIW) Misses Q2 EPS by 65c

UTi Worldwide (NASDAQ: UTIW) reported Q2 EPS of ($0.70), $0.65 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $913.9 million versus the consensus estimate of $1.05 billion.

• The Company is committed to its original full year adjusted EBITDA guidance of $125 million to $150 million, but now believes that this will be achieved in the 12 months beginning August 1, 2015 rather than for the full fiscal year 2016 due to macro-economic headwinds and the timing of when we expect to see benefits from new business wins.
• The Company expects full year fiscal 2016 adjusted EBITDA in the range of $75 million to $100 million.

For earnings history and earnings-related data on UTi Worldwide (UTIW) click here.

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