ALJ Regional Holdings: Up after co raises Q4, FY EBITDA forecast

ALJ Regional Holdings

08/10/2020 11:28

** Shares of ALJ Regional Holdings Inc  ALJJ.O , parent co
of staffing services provider Faneuil Inc, up 38.6% premarket to
$1.15
    ** Stock set to open at eight-month high
    ** On Wednesday, co raised its Q4 EBITDA forecast to $8
mln-$9 mln, from prior view of $5.3 mln-$6.8 mln  urn:newsml:reuters.com:*:nPn6y4ynMa
    ** Co says results at Faneuil continued to improve in Q4 and
benefited from recent addition of state unemployment contracts
    ** ALJJ also hiked FY EBITDA forecast to $23.2 mln-$24.2 mln
versus $20.5 mln-$22.0 mln earlier 
    ** Co also reaffirmed net revenue forecast for Q4 and for
full year ended Sept. 30
    ** Stock was down 27.8% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))