BUZZ-Australia-listed shares of AVITA Medical slump on forecast cut
ReutersJan 8, 2025 4:34 AM
* ASX-listed shares of AVITA Medical AVH.AX RCEL.O fall as much as 20.2% to A$3.470
** Stock last down about 18.8%, set for deepest one-day decline since Oct 2023
** Regenerative medicine firm cuts forecast for the fourth time in five quarters
** Says it expects Q4 commercial revenue of about $18.4 mln, compared to its prior guidance range of $22.3 mln to $24.3 mln
** Stock hits lowest price level since mid-Nov
** About 2 mln shares change hands, highest since mid-Aug 2022
** Stock fell 0.9% in 2024
(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.shaikh@thomsonreuters.com))
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