May 8, 2017 / 2:43 PM / in 3 months

BUZZ-AGT Food and Ingredients: Set for worst day in 8 yrs after weak Q1 profit

** Canadian crop processor's shares down 13 to C$26.27 and on course for worst one-day pct performance since Oct. 2008

** AGT's Q1 profit misses estimates by a wide margin, hurt by higher costs

** Cost of sales in Q1 jump about 23 pct to C$488 mln

** Sees near-term headwinds from non-tariff trade barriers, says slower seasonal sales in markets including India and Turkey expected to continue in near term

** More than 334,000 shares traded, 2.7x their 30-day moving avg

** Stock had fallen nearly 25 pct in the 12 mths to Friday

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below