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Fly News Breaks for April 11, 2016
TSCDY
Apr 11, 2016 | 07:26 EDT
Bernstein expects Tesco's full-year results, expected to be reported on April 13, to beat expectations. The firm expects the company's U.K. margin to come in at 1.2% versus the consensus outlook of 1.1%, and it notes that the 1.2% figure would represent a 180 basis point gain in the second half of the year. The firm recommends buying the stock ahead of the company's results.
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