Appen's Cost Control Keeps Its Losses Manageable -- Market Talk

Dow Jones05-27

2303 GMT - Appen's strict cost management is keeping the data-management provider's underlying losses under control, Jefferies analyst Wei Sim writes in a note. He tells clients that the Australia-listed company's cost reduction is on track, and highlights improved underlying earnings before interest, tax, depreciation and amortization in April. That's the first month since the end of Appen's long-running partnership with Google, he notes. Sim lifts his 2025 and 2026 EPS targets by 1% and 4%, respectively. Jefferies's target price on the stock rises by 33% to A$0.60/share. It maintains a hold rating. Shares are at A$0.605 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 26, 2024 19:03 ET (23:03 GMT)

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He tells clients that the Australia-...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APX.AU","symbol_name":"APPEN LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2438814272","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2438814272","pubTimestamp":1716764580,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2303 GMT - Appen's strict cost management is keeping the data-management provider's underlying losses under control, Jefferies analyst Wei Sim writes in a note. 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