BUZZ-Australia's Orica gains on upbeat half-year outlook

Reuters
03-07
BUZZ-Australia's Orica gains on upbeat half-year outlook

** Shares of infrastructure solutions firm Orica ORI.AX rise 0.5% to A$17.02, their highest level since mid-February

** Co says its EBIT in the first half will be higher than planned, with higher-than-expected contributions from all three of its business segments

** Stock rose as much as 2.2% earlier in the day

** "The tone is positive and directionally it suggests that the risk to 1H25 EBIT is to the upside, and ORI has left the door open for further guidance at next week's investor day," analysts at RBC Capital Markets said

** Stock up 2.4% YTD, including session's moves

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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