BUZZ-Qnity rises on upbeat annual earnings forecast

Reuters02-26

** Shares of data semiconductor solutions provider Qnity Electronics Q.N rise 3.8% to $124.41 in premarket trading

** Qnity forecasts full-year revenue in the range of $4.97 billion to $5.17 billion, the mid-point of which is marginally above analysts' average estimate of $5.06 billion, according to data compiled by LSEG

** Sees full-year adjusted profit per share in the range of $3.55 to $3.95, compared with analysts' average estimate of $3.14

** Co's board of directors also authorizes repurchase of up to $500 million of outstanding common stock

** Qnity was spun off from industrial materials maker DuPont DD.N in October and began trading independently in November

** As of last close, stock up 46% YTD

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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