BUZZ-Australia's Appen slumps on subdued FY revenue, outlook

Reuters
02-26
BUZZ-Australia's Appen slumps on subdued FY revenue, outlook

** IT services firm Appen's APX.AX shares plunge 36.6% to A$1.825

** Stock fell as much as 39.6% in early trade

** Reports group operating rev of $234.3 million, down 14.2% y/y due to termination of its Google contract in Q1 FY24

** Says global services revenue fell 38.3% on account of the Google contract

** Co says volumes for its large language model (LLM) projects tracking lower so far in FY25 vs Q4 FY24

** More than 46 mln shares traded, 5.3x the 30-day avg

** Appen falls 30.3% YTD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10