PVD - Severely hit by lagged effect of oil price slump - Earnings Flash
  • 2016-08-01T18:00:14
  • Company Research
PVD posted its H1 2016 results with the worst quarterly performance on record. While revenue tracked our forecast, earnings fell dramatically due to sharp margin erosion. We expect to revise down our 2016 earnings forecast and target price in our coming detailed update report.