US-listed shares of Lightspeed Commerce rise on job cuts, 2024 outlook

Lightspeed Commerce

03/04/2024 13:43

** U.S.-listed shares of Canadian payments firm Lightspeed
Commerce  LSPD.TO  up 2.5% at $14.24 in premarket trading
    ** Co to cut about 280 roles as a part of reorganization and
cost-reduction plan
    ** Reaffirms outlook for fiscal 2024 rev, adj EBITDA
    ** Board authorizes share repurchase program for up to 10%
of its public float representing about $140 mln
    ** Majority of restructuring charges to be incurred in Q1
2025, execution to substantially complete by end of Q1 2025 - co
    ** As of last close, LSPD shares down 32.2% YTD

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))