Worley falls after warning of impact from Mideast war and stronger Australian dollar
BUZZ-Worley falls after warning of impact from Mideast war and stronger Australian dollar ** Shares of Australia's Worley WOR.AX fall as much as 10.7% to A$10.96, post their biggest intraday pct drop since February 26
** Stock hits its lowest level since April 20
** Engineering firm says it now estimates impact of up to A$60 million ($41.35 million) on FY26 underlying earnings before interest, taxes, and amortization (EBITA) from the Middle East war
** Previous estimate was an impact of A$30 million to A$40 million
** Co says the conflict continues to cause disruption to progress of existing projects
** Flags strengthening of Australian dollar in H2 FY26 to impact results, says translation impact expected to be A$50 million on FY26
** Stock has fallen 10.7% so far this year
($1 = 1.4510 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
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