Company News

BRIEF-Yellow Pages reports Q2 earnings per share ‍$0.03

Aug 10 (Reuters) - Yellow Pages Ltd

* Yellow Pages Limited reports second quarter 2017 financial and operating results

* Qtrly earnings per share $0.03

* Q2 revenue fell 9.2 percent to C$191.2 million

* Yellow Pages Ltd - Expects to meet its 2017 guidance targets communicated on May 10, 2017 for total revenue, adjusted EBITDA and free cash flow

* Yellow Pages Ltd - Company has lowered its 2017 expectations for customer count and digital revenue growth.

* Sees FY 2017 revenue C$770 million to C$780 million

* Yellow Pages Ltd sees 2017 capital expenditures, net of related lease incentives, of less than $65 million

* Qtrly customer count 236,500 versus 244,000

* Yellow Pages Ltd sees 2017 customer count of approximately 230,000

* Qtrly digital revenues decreased 2.9% year-over-year to $138.3 million; digital revenues now account for 72% of total revenues

* Yellow Pages Ltd - Yellow Pages expects to begin piloting elements of initiatives, including evergreen contracts, in second half of 2017

* Yellow Pages Ltd - Company remains on track to complete implementation of initiatives in 2018

* Yellow Pages Ltd - All figures in Canadian dollars Source text for Eikon: Further company coverage: