Datatec slides after second profit warning

Comment on this story

Johannesburg - Shares of South Africa's Datatec Ltd tumble 5.4 percent to 48.55 rand after the IT company cuts its full-year outlook for the second time, citing underperformance at its Westcon unit in the United States.

Datatec says it expects headline earnings for the year to end-February to be at least 20 percent below the revised estimate of 40 US cents a share it gave in October.

It had originally forecast headline EPS of 46 cents.

Headline EPS, the main profit measure in South Africa, excludes certain one-time items. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.