ASX-listed Life360 jumps to over 19-mth high on earnings beat, outlook upgrade

Life360

15/08/2023 01:38

** ASX-listed shares of Life360 Inc  360.AX  jump as much as
13.6% to A$9.11 - highest level since Jan. 6, 2022 
    ** San Francisco-based location sharing company posts HY
adjusted EBITDA of $6.2 mln, compared to a loss of $32.3 mln a
year ago and beating consensus estimate of $1.7 mln
    ** Co upgrades CY23 adjusted EBITDA guidance to $9 mln - $14
mln, from $5 mln - $10 mln 
    ** Stock posts its biggest intraday gain since May 16
    ** Stock up 65.02% YTD as of last close
    

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))