Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast
The company cited power supply delays at its Melbourne facility amid local community and stakeholder opposition for lowering earnings forecast.
CNBC reports that the company cited power supply delays at its Melbourne facility amid local community and stakeholder opposition for lowering earnings forecast.
This business story centres on Australia. Names and organisations mentioned in the coverage include Australian, NextDC and Melbourne.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- Australia · Oceania
- Reported by
- CNBC
- First reported
- Key names
- Australian, NextDC, Melbourne
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
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