Employment services provider SEEK falls on trimming revenue view

SEEK

04/04/2023 01:37

** Shares of Australia's SEEK  SEK.AX  fall as much as 6.7%
to A$22.57, set to lose most since August 2022
    ** The employment services provider cuts its full-year
revenue outlook to A$1.24 billion ($845.48 million) due to
continued moderation in volumes for job advertisements
    ** Says revenue expectations downgrade by A$15 mln from
previously anticipated outlook of A$1.26 billion 
    ** Co reaffirms annual EBITDA and NPAT guidance
    ** Stock has risen 15.6% this year, as of last close 


($1 = 1.4725 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))