Australia's Fluence Corporation hits near 9-month low on adjusting 2022 outlook

Fluence

27/10/2022 01:33

** Shares of Australia's Fluence Corporation  FLC.AX  fall
as much as 5.7% to A$0.165, their lowest since Feb 8
    ** The packaged water and wastewater treatment solutions
firm adjusts its 2022 forecast despite posting a 33% jump to
A$29 million ($18.83 million) in third-quarter revenue
 urn:newsml:reuters.com:*:nASX6QbMkt
    ** Co adjusts its 2022 revenue guidance to A$123 mln from
A$144 mln
    ** Also changes its 2022 EBITDA outlook to A$2 mln from A$3
mln
    ** Stock posts its biggest intraday pct fall since Oct 12
    ** Stock has risen 16.7% this year as of last close
($1 = 1.5404 Australian dollars)
 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))