Vodafone Group Stock Surges on Raised Outlook | InvestorPlace

Investor Place| Tue Nov 14 10:03:35 EST 2017
Vodafone Group Plc (ADR) (NASDAQ:) stock was on the rise today following an update to its outlook for the year. During its most recent earnings report, Vodafone Group Plc (ADR) updated its Adjusted EBITDA guidance for the full year to between €14.75 billion and €14.95 billion. This represents roughly a 10% organic growth to its Adjusted EBITDA and was a boon to VOD stock. Vodafone Group Plc (ADR) notes that it was previously expecting Adjusted EBITDA guidance to range from €14.0 billion to €14.5 billion for the year. This would have represented a 4% to 8% increase in Adjusted EBITDA. Free cash flow was another figure that got a guidance update in Vodafone G..

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