BUZZ-Australia's Peter Warren Automotive hits record low on bleak earnings outlook

Reuters
12 Dec 2024
BUZZ-Australia's Peter Warren Automotive hits record low on bleak earnings outlook

** Shares of Peter Warren Automotive PWR.AX fall as much as 13.4% to a record low of A$1.455

** Stock posts its biggest intraday percentage decline since May 28

** The automotive parts retailer sees underlying profit before tax for first half of FY25 to be in range of A$6 mln ($3.83 mln) to A$8 mln vs A$34.4 mln last year

** About 494,000 shares change hands, compared with the 30-day average volume of about 81,000

** Stock down 37.7% YTD, including session's move

($1 = 1.5676 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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