CLPS falls after co swings to loss on China lockdowns

Clps

20/10/2022 15:00

** Shares of financial services-focused IT solutions
provider CLPS Inc  CLPS.O  fall nearly 5% to $1.42
    ** Co reports loss of $1.8 mln, or 8 cents per share, for
the six-month period ended June 30, versus a profit of ~$2
million, or 11 cents per share, last year 
    ** CLPS says business was affected following the resurgence
of COVID-19 cases and lockdowns in cities such as Shanghai
    ** Co forecasts FY23 sales growth in the range of 20% to 25%
 urn:newsml:reuters.com:*:nTUA4MCK7W
    ** As of previous close, CLPS stock down ~28% YTD
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))