Z Energy Reports Operational Data for the Quarter Ended December 2017; Revises Earnings Guidance for the Fiscal Year 2018
The company also revised earnings guidance for the fiscal year 2018. As a result of weaker than expected performance in the December quarter of 2017, the company has revised its earnings guidance for fiscal year 2018 from the previous range of $445 million - $475 million to a lower range of $430 million - $455 million. Although neither of the factors below impact underlying earnings, the company is updating guidance given this is based on a reported headline result.