FD Technologies Shares Plunge After Revenue Guidance Is Slashed
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FD Technologies Plc shares plunged after the consultancy and software firm lowered its revenue forecast for the full year.
The stock slid as much as 29% to 938 pence in London trading, the biggest drop since October. The company now sees revenue “slightly” below consensus at not less than £247 million ($312 million), down from its previous guidance of £285 million to £295 million, according to a statement.