HALISTER: Regina Miracle Falls After Top Customer L Brands Cuts Forecast

Regina Miracle Falls After Top Customer L Brands Cuts Forecast

(Bloomberg) -- Regina Miracle shares down as much as 7.5%, most since Jan. 14, on vol. 1.6x 3-mo. daily avg; extends decline into 5th day.
  • Earlier, L Brands lowers yr adj. EPS forecast to $3.60-$3.80 from $3.90-$4.10, est. $4.04
  • NOTE: L Brands is Regina Miracle’s largest customer, making up 30% of total rev. in fiscal 2015, according to prospectus filed in Sept.
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
LB US (L Brands Inc)
2199 HK (Regina Miracle International Holdings Ltd)

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