Opera Ltd up after FY rev forecast raise

Opera

30/08/2022 13:20

** U.S.-listed shares of software company Opera Ltd  OPRA.O 
rise 8.78% at $5.33 in thin premarket trading
    ** Co sees FY22 rev between $313 mln and $319 mln, up from
previous outlook of $300 mln to $310 mln; Wall Street analysts
expect $303.5 mln
    ** Q2 rev grows 29% to $77.8 mln on the back of strong
advertising and search revenue growth  urn:newsml:reuters.com:*:nPn2NbkFka
    ** Co posts a surprise adjusted loss of 3 cents per ADS vs
IBES Refinitiv expectations of a profit of 7 cents 
    ** All four brokerages covering the stock rate it "buy" or
higher; their median PT is $11.50 - Refinitiv data
    ** Up to Monday's close, stock has fallen ~31% YTD compared
with a ~25% decline in the NASDAQ Computer Index  .IXK 

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))