SBM Offshore lifts guidance on better-than-expected turnkey performance

(Reuters) - Dutch oil and gas services firm SBM Offshore on Thursday raised its full-year core profit and revenue outlook on better-than-expected performance in its turnkey division.For 2019, SBM Offshore now expects earnings before interest, tax, depreciation and amortisation (EBITDA) of about $800 million (£625 million) on revenues of around $2.1 billion, an increase from prior forecasts of above $750 million and above $2 billion respectively."We increased our EBITDA guidance for the full..