Data#3 Shares Jump on Profit Guidance
Data#3 shares rose 5.8% in morning trade after the IT firm exceeded analyst expectations with its updated profit guidance.
According to Morgans analyst Nick Harris, Data#3 has projected a first-half profit before tax of $32 to $34 million, modestly surpassing analyst forecasts.
- The midpoint of the projection reflects a 1% increase compared to the previous year.
- The figure stands 5% above consensus estimates.
Data#3 is an Australian IT services and solutions provider, offering services including cloud, security, and data analytics solutions.
The company has indicated that its first-half performance will see a slightly lower skew than usual, at approximately 45%.
No direct quote available.
Author's summary: Data#3 shares surge 5.8% on strong profit guidance.
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