RM Shares Jump on Earnings Guidance Raise

Dow Jones

2024-12-11

By Maitane Sardon

Shares in RM PLC rose after the U.K. provider of educational software lifted its full-year earnings guidance.

Shares were up 11% at 99 pence in Wednesday afternoon trade.

The company said it expects adjusted operating profit for the full year 2024 to be between 8.4 million and 8.8 million pounds ($10.7 million-$11.2 million), ahead of market expectations of 8 million pounds.

It sees adjusted earnings before interest, taxes, depreciation and amortization at between 13 million and 14 million pounds.

Revenue from continuing operations, which excludes its Consortium business, is expected to be 5% to 6% lower than in 2023, RM said.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

December 11, 2024 07:50 ET (12:50 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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