January 22, 2016 / 6:08 PM / 2 years ago

BUZZ-Mitel Networks Corp: Cuts debt, raises EPS guidance

1 Min Read

** Canadian telecom services provider's shares up 17.8 pct at C$10.21

** U.S.-listed stock up 19.4 pct at $7.22; biggest pct gains in over 3 years for both stocks

** Co says it will make a $25 mln payment against its existing credit facility

** Raises Q4 adjusted EPS guidance to 27-28 cents/share from 22-27 cents

** Tightens adjusted revenue guidance to $330-$335 mln from $315-$340 mln

** Up to Thursday's close, Canada-listed stock had fallen 29 pct in 12 months, while U.S.-traded stock had fallen 38 pct

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