BUZZ-S&W Seed up on expectations to break even in fiscal 2025

Reuters
20 Nov 2024
BUZZ-S&W Seed up on expectations to break even in fiscal 2025

** Shares of agricultural seeds developer S&W Seed Company SANW.O rise 20.27% to $2.73

** Co expects to break even in fiscal 2025

** SANW will focus on its core US operations after the divestiture of its Australian unit through a voluntary administration process

** Expects adjusted EBITDA for remaining three quarters of fiscal 2025 to be between a loss of $1.9 million and a profit of $0.1 million

** Including session's gains, stock down 79.47% YTD

(Reporting by Rishab Shaju in Bengaluru)

((Rishab.shaju@thomsonreuters.com))

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