Business4 sources
Alstom shares drop 28% after profit forecast cut
- Alstom shares dropped 28% following a profit forecast cut.
- Technical issues prompted the guidance cut for the train maker.
- Alstom warned of a potential €1.5 billion cash burn.
- The company slashed its profitability target.
- The event occurred recently, affecting Alstom's financial outlook.
Articles (4)
Financial Times·
Alstom shares tumble 28% after train maker cuts profit forecast
The Wall Street Journal·
Alstom Shares Plunge After Technical Issues Prompt Guidance Cut
Bloomberg·
Alstom Shares Plunge on Rail Project Profit Warning
Reuters·
Alstom slashes profitability target, warns of €1.5 billion cash burn