Seco shares jump on upbeat Q3 guidance

Seco

15/07/2026 10:21

** Shares in Italy's Seco IOT.MI rise 10% after the embedded computing firm posted Q2 sales at €50 million ($57 million) and issued Q3 sales forecast
** Intermonte analyst Pietro Nargi says Seco's Q3 revenue guidance of €60 million indicates a 25% year-on-year growth
** "The improvement in gross margin bucks the trend seen in the first quarter," Nargi also flags
** Equita brokerage sees guidance as "very encouraging, making the achievement of our 2026 estimates more visible"
** The shares are on track for their best price since October 2025, if gains hold, up 19.5% year-to-date​
     
     
($1 = 0.8755 euros)

 (Reporting by Fabrizio La Rocca)
 ((Fabrizio.larocca@thomsonreuters.com))