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Asos shares sink after sales growth guidance slashed but Wells Fargo analysts remain confident
Shares of U.K. e-commerce retailer Asos PLC ASC, -37.55% closed down 37.6% on Monday after the company guided for a sales deceleration, but Wells Fargo analysts say they remain confident the company will reach its long-term goal of £2.5B in sales and 4% margins. Asos lowered its fiscal year guidance to 15% growth from 20% to 25% growth previously, saying November fell below expectations.
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https://www.marketwatch.com/story/asos-s...2018-12-17
Shares of U.K. e-commerce retailer Asos PLC ASC, -37.55% closed down 37.6% on Monday after the company guided for a sales deceleration, but Wells Fargo analysts say they remain confident the company will reach its long-term goal of £2.5B in sales and 4% margins. Asos lowered its fiscal year guidance to 15% growth from 20% to 25% growth previously, saying November fell below expectations.
...
https://www.marketwatch.com/story/asos-s...2018-12-17
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