Bilfinger shares fall after guidance cut and restructuring program
Bilfinger shares dropped after the company cut guidance and launched a restructuring program; analysts said second-half performance fell short of expectations.
Bilfinger shares fell after the company cut guidance and announced a restructuring program, with second-half performance coming in below expectations. Analysts at Bernstein had expected the German industrial services company to improve in the second half, but now say that has not materialized.