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Nexteq – profit warning on revenue “expected to be 10-12% below previous market expectations”. And what about those previous expectations?…

By Steve Moore | Thursday 31 October 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as “a leading technology solutions provider to customers in selected industrial markets”, Nexteq (NXQ) has issued a “Trading Update and Appointment of CFO”-titled announcement including that “whilst there are short-term trading headwinds, the investment in new products and solutions gives significant optimism for the future”. So what of a share price currently down towards 70p in response?
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