The share price of 4Sight shot up in late afternoon trade as the technology group said it expects earnings to double for the half-year to June. eadline earnings per share , which strip out the effects of one-off financial events, is expected to be 1.236c to 1.340c for the period. That would amount to an increase in the range of 126.8%-145.9% compared with Heps of 0.545c in the previous matching period.
The public fight and the JSE suspension of the company for late results led to reputational damage that the new executive team is fighting to repair. The stock fell to a low of 16c per share at the time for the AltX-listed company, but it has since recovered somewhat and has a R165m market capitalisation.
Having turned the corner over the past two years, the company is setting up to grow its international revenue. In February, 4Sight announced the expansion of its regional office in Windhoek to make its technology offerings range available in the Namibian market.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon shed 100,000 jobs in a quarter — joining wave of tech companies trimming staffWith recession fears mounting — and inflation, the war in Ukraine and the lingering pandemic taking a toll — many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.
Source: mybroadband - 🏆 11. / 67 Read more »
Alibaba jumps as much as 6.5% amid tech rally ahead of earnings.AlibabaGroup Holding Ltd. led Chinese tech stocks higher on Thursday as investors repositioned ahead of its quarterly results, though caution remained about a number of potential roadblocks ahead. Moneyweb TechNews AlibabaGroup I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Source: Moneyweb - 🏆 5. / 77 Read more »
[TOP STORY] Time to buy US consumer discretionary and tech stocks?[LISTEN] We think tech as a whole has been unfairly blighted: you had unicorns trading at 10-20x sales & then tech stalwarts ...which aren't that expensive vs their growth prospects': Flagship's KyleWales on MoneywebNOW TechStocks Adobe podcast Yes! Markets are going higher. The fed is having to slow down.
Source: Moneyweb - 🏆 5. / 77 Read more »