Australia's QANTM Intellectual Property rises on earnings forecast upgrade

Qantm Intellectual Property

22/01/2024 23:34

** Shares of QANTM Intellectual Property  QIP.AX  rise as
much as 8.4% to A$1.03, their highest since Sept 20, 2022
    ** The IP services provider expects its FY24 underlying
EBITDA to be between 8% and 10% higher than analysts' estimate
of A$31 mln ($20.35 mln) provided by co
    ** QANTM says an increase in earnings outlook due to
stronger-than-expected foreign exchange tailwinds, among others
    
    ($1 = 1.5235 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))