Wood Group sees profits in line with guidance

Energy industry engineering and consulting business Wood Group held full-year guidance and said trading in the first 10 months of the year was in line with expectations.
The company said it expects revenue to be between $5.2bn-$5.5bn and adjusted core earnings to be broadly around the middle of its guidance range of $370m-$400m.

Both had been impacted by recent exchange rate movements, which hit revenue by $200m and earnings by $10m.

Reporting by Frank Prenesti for Sharecast.com

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