Australia's Electro Optic Systems jumps on positive revenue outlook

Electro Optic Systems Holdings

01/12/2023 02:10

** Shares of Electro Optic Systems  EOS.AX  rise as much as
15.6% to A$1.00, posting their biggest intraday percentage gain
since July 27
    ** Stock hits its highest level since Nov. 16
    ** Defence technology co expects revenue for 2023 to be
between A$210 mln ($139.15 mln) and A$230 mln, compared to FY22
revenue of A$137.9 mln
    ** About 578,695 shares change hands, compared with the
30-day average volume of 205,636
    ** Stock up 78.4% YTD as of last close

($1 = 1.5092 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))