Hudson sees Q4 revs below consensus (14.82)
- Co issues downside guidance for Q4 (Dec), sees Q4 (Dec) revs of $459.8 mln vs. $473.46 mln S&P Capital IQ Consensus.
- Fourth quarter organic net sales growth, which is a combination of like-for-like net sales growth and net new business and expansions, was 4.6%, compared to 9.4% in the year-ago period; full year organic net sales growth was 7.1%, compared to 8.8% in 2017.
- Fourth quarter like-for-like growth was 1.7% (2.5% in constant currency), compared to 5.6% (4.5% in constant currency) in the year-ago period.