FINWIRES · TerminalLIVE
FINWIRES

Update: Bending Spoons Shares Fall as Full-Year Revenue Outlook Misses Expectations

By

(Updates with the company's latest stock move in the headline and in the first paragraph.)

Bending Spoons' (BSP) shares were down more than 16% in Thursday trading after its full-year revenue guidance came in below Wall Street expectations.

The company reported Q2 adjusted earnings Wednesday of $0.46 per diluted share, up from $0.17 a year earlier.

Revenue for the quarter ended June 30 was $704.2 million, compared with $311.1 million a year earlier.

Analysts projected $682.8 million.

For Q3, the company expects revenue in the range of $733 million to $745 million. Analysts forecast $738.7 million.

For the full year, Bending Spoons expects revenue in the range of $2.78 billion to $2.82 billion. Analysts expect $2.90 billion.

Price: $41.24, Change: $-7.75, Percent Change: -15.81%

Related Articles

Wire

GBM Resources Confirms Continuation of Prospective Gold Host at Queensland Project; Shares Down 5%

GBM Resources (ASX:GBM) confirmed the continuation of the prospective Milled Matrix Breccia host horizon at least 700 meters south of the 309 mineral resource at the Stella prospect, expanding the exploration footprint at the Twin Hills project in Queensland, according to a Thursday filing with the Australian bourse.The company intersected gold mineralization during step-out drilling, with assays returning 8 meters at 1.31 grams per tonne grade of gold from 126 meters, the filing said.Further assays are expected to be released in the next two weeks, per the filing.Shares fell 5% in midday trade Thursday.

ASX:GBM
Wire

Pan American Silver Q2 Adjusted Earnings, Revenue Rise; Shares Drop After Hours

Pan American Silver (PAAS) reported Q2 adjusted earnings late Wednesday of $0.73 per basic share, up from $0.43 a year earlier.Analysts polled by FactSet expected $0.88.Revenue for the quarter ended June 30 rose to $1.12 billion from $812 million a year earlier.Three analysts expected $1.15 billion.The company raised its quarterly dividend to $0.184 a share from $0.18, payable around Sept. 4 to stockholders of record Aug. 24.Pan American Silver shares fell 5.1% in after-hours trading.

$PAAS
Wire

Stantec Q2 Adjusted Earnings, Revenue Rise

Stantec (STN) reported Q2 adjusted earnings late Wednesday of 1.61 Canadian dollars ($1.15) per diluted share, up from CA$1.36 a year earlier.Analysts surveyed by FactSet expected CA$1.58.Net revenue in the three months ended June 30 rose to CA$1.78 billion from CA$1.6 billion a year earlier.Analysts projected CA$1.79 billion.Stantec shares rose 1.3% in after-hours trading.

$STN