CECO Environmental gains on raised 2023 revenue outlook

CECO Environmental

08/08/2023 18:25

** Diversified equipment manufacturer CECO Environmental's
 CECO.O  shares rise 21.6% to $14.20, hit nearly five-month high
    ** Company raises FY23 revenue outlook to be between $500
mln and $525 mln vs previous forecast of revenue exceeding $485
mln
    ** Posts Q2 revenue of $129.2 mln vs est $117.8 mln -
Refinitiv
    ** Stock set to post best day since May last year if gains
hold

 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((sruthinarasimha.chari@thomsonreuters.com))