Half Year Results 

Gattaca lowers expectations again

Gattaca lowers expectations again

Gattaca’s (GATC) share price took its second heavy hit of the year following release of half year results that detailed a 15 per cent downward reduction in guidance for underlying pre-tax profits for FY2018. The revelation came on top of February's profit warning and the unexpected departure of the specialist recruiter's chief executive. At the time, management said it had taken "a more prudent assessment of the economic outlook", but, if anything, conditions in the core technology and engineering markets appear to have deteriorated – according to the company, at any rate.

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