BUZZ-Austin Engineering faces worst day in 9-1/2 years on earnings forecast cut

Reuters11-05

BUZZ-<a href="https://laohu8.com/S/AUSTF">Austin Engineering</a> faces worst day in 9-1/2 years on earnings forecast cut

** Shares of Austin Engineering ANG.AX down 25% at A$0.21, head for worst day since May 2016, if current losses hold

** Engineering co fell as much as 28.6% earlier in the day to hit lowest level since December 22, 2021

** Co cuts forecast for FY26 underlying EBIT from continuing operations to A$30 million-A$34 million ($19.49 million-$22.09 million) from A$40 million-A$46 million

** Cuts FY26 revenue forecast to A$370 million-A$380 million from A$390 million-A$410 million

** About 11.6 million shares change hands, 5.2x their 30-day average, in their busiest day since early August

** Stock down ~58% this year, including the day's move

($1 = 1.5389 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2581929847?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-05 09:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2581929847","market":"nz","top_or_hot":-1,"title":"BUZZ-Austin Engineering faces worst day in 9-1/2 years on earnings forecast cut","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/AUSTF\">Austin Engineering</a> faces worst day in 9-1/2 years on earnings forecast cut</title></head><body><p>** Shares of <a href=\"https://laohu8.com/S/ANG.AU\">Austin Engineering</a> <span>ANG.AX</span> down 25% at A$0.21, head for worst day since May 2016, if current losses hold</p><p>** Engineering co fell as much as 28.6% earlier in the day to hit lowest level since December 22, 2021</p><p>** Co <span>cuts </span>forecast for FY26 underlying EBIT from continuing operations to A$30 million-A$34 million ($19.49 million-$22.09 million) from A$40 million-A$46 million</p><p>** Cuts FY26 revenue forecast to A$370 million-A$380 million from A$390 million-A$410 million</p><p>** About 11.6 million shares change hands, 5.2x their 30-day average, in their busiest day since early August </p><p>** Stock down ~58% this year, including the day's move</p><p>($1 = 1.5389 Australian dollars)</p><p> (Reporting by John Biju in Bengaluru)</p><p> ((John.Biju@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Austin Engineering faces worst day in 9-1/2 years on earnings forecast cut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Austin Engineering faces worst day in 9-1/2 years on earnings forecast cut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-05 09:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/AUSTF\">Austin Engineering</a> faces worst day in 9-1/2 years on earnings forecast cut</title></head><body><p>** Shares of <a href=\"https://laohu8.com/S/ANG.AU\">Austin Engineering</a> <span>ANG.AX</span> down 25% at A$0.21, head for worst day since May 2016, if current losses hold</p><p>** Engineering co fell as much as 28.6% earlier in the day to hit lowest level since December 22, 2021</p><p>** Co <span>cuts </span>forecast for FY26 underlying EBIT from continuing operations to A$30 million-A$34 million ($19.49 million-$22.09 million) from A$40 million-A$46 million</p><p>** Cuts FY26 revenue forecast to A$370 million-A$380 million from A$390 million-A$410 million</p><p>** About 11.6 million shares change hands, 5.2x their 30-day average, in their busiest day since early August </p><p>** Stock down ~58% this year, including the day's move</p><p>($1 = 1.5389 Australian dollars)</p><p> (Reporting by John Biju in Bengaluru)</p><p> ((John.Biju@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ANG.AU","symbol_name":"AUSTIN ENGINEERING LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251105:nL6N3WH01Z:1","article_id":"2581929847","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581929847","pubTimestamp":1762305150,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Austin Engineering faces worst day in 9-1/2 years on earnings forecast cut** Shares of Austin Engineering ANG.AX down 25% at A$0.21, head for worst day since May 2016, if current losses hold** Engineering co fell as much as 28.6% earlier in the day to hit lowest level since December 22, 2021** Co cuts forecast for FY26 underlying EBIT from continuing operations to A$30 million-A$34 million  from A$40 million-A$46 million** Cuts FY26 revenue forecast to A$370 million-A$380 million from A$390 million-A$410 million** About 11.6 million shares change hands, 5.2x their 30-day average, in their busiest day since early August ** Stock down ~58% this year, including the day's move  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ANG.AU":"AUSTIN ENGINEERING LTD","BK7077":"建筑机械与重型卡车"},"translate_title":"BUZZ-Austin Engineering因盈利预测下调而面临9年半来最糟糕的一天","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANG.AU":0.9},"content_text":"BUZZ-Austin Engineering faces worst day in 9-1/2 years on earnings forecast cut** Shares of Austin Engineering ANG.AX down 25% at A$0.21, head for worst day since May 2016, if current losses hold** Engineering co fell as much as 28.6% earlier in the day to hit lowest level since December 22, 2021** Co cuts forecast for FY26 underlying EBIT from continuing operations to A$30 million-A$34 million ($19.49 million-$22.09 million) from A$40 million-A$46 million** Cuts FY26 revenue forecast to A$370 million-A$380 million from A$390 million-A$410 million** About 11.6 million shares change hands, 5.2x their 30-day average, in their busiest day since early August ** Stock down ~58% this year, including the day's move($1 = 1.5389 Australian dollars) (Reporting by John Biju in Bengaluru) ((John.Biju@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2581929847","isCrawlerRequest":true}