Exela Technologies falls after reporting wider-than-expected Q4 loss

Exela Technologies

11/03/2022 15:26

** Shares of the business process automation company
 XELA.O  down 19.3% to $0.69
    ** Co reports quarterly adjusted loss of 60 cents per share
for the qtr ended in December vs analyst expectations of a loss
of 9 cents per share  urn:newsml:reuters.com:*:nL5N2VE4LG
    ** Quarterly revenue falls 6.3% to $294.3 mln vs est of
$296.15 mln
    ** Both brokerages covering the stock rate it "buy"; their
median PT is $3.50 - Refinitiv data
    ** Refinitiv estimates 11.8% short interest in XELA

 (Reporting by Sabahatjahan Contractor and Bansari Mayur Kamdar
in Bengaluru)
 ((Sabahatjahan.Contractor@thomsonreuters.com;))