Australia's Etherstack at near two-week high on earnings outlook upgrade

Etherstack

06/07/2021 05:13

** Wireless communications software developer Etherstack Plc
 ESK.AX  rises as much as 3.9% to A$0.67, its highest since June
23
    ** Co says https://www.etherstack.com/investor/pdf/2231401.pdf
 first-half revenue now expected to be $4.2 mln, above previous
view of between $3.5 mln and $4 mln
    ** Revenue forecast upgrade as ESK completed delivery of
items not included in previous outlook, and running ahead of
schedule on two projects
    ** Adds that second-half contracted revenue of a further
$4.2 mln
    ** Reaffirms that FY21 will "significantly outperform" FY20
    ** ESK posts its biggest intraday pct gain since June 29
    ** Up 4% so far this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))