Capita Plc shares tumbled after the company warned its profit and cash flow will be hit because it failed to deliver on a contract to manage Britain’s civil service pension plan. The update signals an earnings/cash earnings drag tied to contract performance. Investors appear to be repricing the revenue and cash-flow risk from the missed pension-management obligation.
Capita Plc shares tumbled after the company warned its profit and cash flow will be hit because it failed to deliver on a contract to manage Britain’s civil service pension plan. The update signals an earnings/cash earnings drag tied to contract performance. Investors appear to be repricing the revenue and cash-flow risk from the missed pension-management obligation.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.45
Ticker Sentiment
