Jump to content

AO World shares up 12% on profit upgrade


Recommended Posts

AO World has upgraded its full-year earnings for the year ended March 2023. While the stock is off the highs, it has had a spectacular run since August last year.

 Jeremy Naylor | Writer, London | Publication date: Tuesday 10 January 2023

AO World increases profit expectations

There has been an update this morning from the white goods retailer, the online business AO World, which has increased its profit expectations for the current year.

Share price chart

Let's take a look at the share price chart, which really says it all.

On the right hand side here you can quite clearly see pushing this chart up now to a gain of 114.6% on from the lows we had back in August last year.

This move up today has been all about the release today, saying that whilst revenue continues to be in line, the company remains cautiously optimistic and mindful of continuing macroeconomic uncertainty and a tough consumer environment that is pervailing at the moment.

But this increase in profit guidance for the year through to March 2023 has been behind this latest lift in the company's share price.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,679
    • Total Posts
      97,187
    • Total Members
      44,239
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    KC19
    Joined 11/12/23 07:16
  • Posts

    • Bitget has been on the news recently for the right reasons and I feel they should be a tier 1 CEXes not just for rewarding their potential users but for being very innovative by simplify trading experience on their platform. 
    • Asia stock indices mostly advance as China consumer prices drop the most in three years after another positive session in the US on Friday, shrugging off stronger-than-expected US jobs data ahead of Wednesday's FOMC meeting. With the ECB and BOE meeting on Thursday, volatility is likely to pick up in the middle of the week. While today's economic calendar is devoid of any market moving data, Tuesday should be more interesting with UK unemployment, Germany ZEW economic sentiment and the US inflation data releases.   
    • JTO strategic focus on community driven governance and network management will greatly influence and impact the Solana ecosystem, and that could be seen in the tokens allocation ratio to validators and the community. With the success of other projects like BLUR, PYTH, JUP and the incredible JTO all under Solana ecosystem, Solana is on the path to match up or even displace Ethereum as Defi king hence it's a good time to buy and HODL Sol. NFA tho.
×
×
  • Create New...
us