Australia's Seek top loser on ASX on weaker-than-expected FY24 guidance

SEEK

15/08/2023 01:41

** Shares of Seek Ltd  SEK.AX  slump as much as 9.1% to
A$23.42, their worst day since Feb 24, 2021 
    ** Stock emerges as top loser on benchmark 
    ** The employment services provider forecasts FY24 earnings
before interest, tax, depreciation and amortisation between
A$520 million ($337.27 million) and A$560 million, missing a
Visible Alpha consensus of A$581 million  urn:newsml:reuters.com:*:nFWN39V1HZ
    ** Co reports full-year EBITDA of A$546.1 million, with a
revenue of A$1.3 billion 
    ** Stock hit lowest since Aug 10 
    ** Stock has risen 22.9% this year as of last close


($1 = 1.5418 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))