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BUZZ-FINEOS Corp falls to near 7-month low as FY25 revenue forecast hit

Reuters
Jan 28
BUZZ-FINEOS Corp falls to near 7-month low as FY25 revenue forecast hit

** Shares of FINEOS Corporation FCL.AX slump 10.3% to A$2.39, their lowest since July 3

** Stock on track for steepest intraday drop since late August 2024

** Ireland-based software firm says FY25 revenue guidance impacted by unfavourable foreign exchange movements

** Adds FY25 guidance at the lower end of €138 million ($165.54 million) to €143 million

** Around 237,000 shares change hands, nearly 1.9x 30-day average

** FCL down 21.7% YTD

($1 = 0.8336 euros)

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

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