BUZZ-Australia's TechnologyOne tumbles after annual profit miss
Reuters
Nov 18
BUZZ-Australia's TechnologyOne tumbles after annual profit miss
** Shares of enterprise software co TechnologyOne TNE.AX fall as much as 15.1% to A$30.00, their lowest since April 30
** Stock posts its biggest intraday percentage drop since May 2019 and is the worst performer on ASX 200 benchmark index .AXJO
** Co posts 17% rise in FY profit after tax to A$137.6 million ($89.37 million), but misses Visible Alpha consensus estimate of A$139.9 million
** Declares final dividend of 20.0 Australian cents and special dividend of 10.0 Australian cents per share
** Stock down ~3.8% YTD, including day's move
($1 = 1.5396 Australian dollars)
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))
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