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Jan. 18, 2018, 4:01 a.m. EST

Countrywide slumps 17% after 'disappointing' Q4 performance

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By Sara Sjolin

UK:CWD

Shares of Countrywide PLC /zigman2/quotes/203864149/delayed UK:CWD -3.61% tanked 17% on Thursday after the real estate agent said 2017 profit is expected to have fallen by 9%. In a trading update before the company releases its full-year report in March, Countrywide said total profit is forecast to come in at £672 million, compared with £737 million a year ago. Profit in the sales and lettings business is expected to be £360 million, down 14% from 2016, reflecting a "a disappointing fourth quarter performance," Countrywide said.

/zigman2/quotes/203864149/delayed
UK : U.K.: London
£ 163.00
-6.10 -3.61%
Volume: 366,433
Sept. 21, 2020 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£55.24 million
Rev. per Employee
£58,556
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