Telos plunges on Q3 miss, FY forecast cut

Telos

15/11/2021 14:01

** Cyber security firm Telos  TLS.O  slumps 23% premarket to
$18.9 - its lowest price since its IPO at $17 in Nov. 2020 -
after posting Q3 miss  urn:newsml:reuters.com:*:nL4N2I53SB
    ** One of the worst performers among Nasdaq-listed stocks
    ** Co posts EPS of 10 cents versus expected 11 cents, and
revenue of $70.1 mln versus expected $76 mln - Refinitiv data
    ** TLS also cuts FY21 revenue guidance to $240 mln-$245 mln
from prior $283 mln-$295 mln; analysts on average expect $283.8
mln, per Refinitiv data
    ** As of last close, shares are up 43% from its IPO price

 (Reporting by Anisha Sircar in Bengaluru)
 ((Anisha.Sircar@thomsonreuters.com;))