BUZZ-Australia's Appen rises on strong annual results
Reuters
14 hours ago
BUZZ-Australia's Appen rises on strong annual results
** Shares of Australia's Appen APX.AX rise as much as 13.2% to A$1.5, marking their biggest intraday pct gain in one week
** Data services provider posts FY underlying EBITDA before FX of $12.2 mln, up from $3.5 mln last year
** Sees FY26 underlying EBITDA (before FX) margin of ~5% to 10%, compared to 5.3% reported for FY25
** Sees FY revenue of $270 mln to $300 mln, up from $230.8 mln group operating revenue in FY25
** Stock last up 11.8%, with YTD gains of more than 80%
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@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.