** Shares of Australian engineering firm Worley WOR.AX rise 8.6% to A$15.220, their highest level since May 9, 2024
** WOR rises as much as 11.6% in early trading, marking its biggest intraday pct gain since June 9, 2020
** WOR is the second biggest gainer in the ASX200 benchmark index .AXJO
** Company says it will undertake an on-market share buyback of up to A$500 million ($317.45 million)
** Posts 1H25 underlying NPAT of A$216 million, up 15% from last year, slightly below the Visible Alpha consensus of A$219.6 million
** Reaffirms FY25 outlook of targeting low double-digit EBITA growth, compared with 24% growth in FY24
** Jefferies says: "outlook comments point to slowing pace of energy transition work that may affect consensus FY26+ expectations of double-digit revenue growth"
** Mixed outlook, but confidence in delivery of FY25 guidance, says Jefferies
** WOR up 12.9% this year, including the day's move
($1 = 1.5751 Australian dollars)
(Reporting by Sameer Manekar in Bengaluru)
((Sameer.Manekar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.