(Bloomberg) -- Yell Group Inc.'s projection of slower sales growth in its U.S. telephone-directory unit isn't just a disappointment for its shareholders. It's the shout heard 'round the world.
Shares of U.S. and European phone-book publishers sank along with Yell, whose 20 percent decline was the biggest ever. The Reading, England-based company said U.S. revenue for the 12 months ending in March would rise 3 percent after accounting for currency swings and acquisitions.
Read more at Bloomberg Stocks News
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