BUZZ-CompoSecure slides after cutting annual forecast

Reuters11-09
BUZZ-<a href="https://laohu8.com/S/CMPO">CompoSecure</a> slides after cutting annual forecast

** Shares of metal payments cards manufacturer CompoSecure CMPO.O fall as much as 20%; last down 11.8% at $13.79

** CMPO now expects annual adjusted core earnings to be between $148 mln and $151 mln, lower than its prior forecast of $150 mln and $157 mln

** Revised outlook reflects investments for future growth - CMPO

** Company's early look at 2025 indicates sales growth could be lower than it was in 2024 - CEO David Cote to analysts

** JPM analysts say they are excited about CMPO's evolution, but remain "neutral" on the stock, as the company is still several quarters away from seeing "tangible progress" from new initiatives

** As of last close, CMPO shares up 203% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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