Tyro upgrades profit guidance
Ayesha de KretserSenior reporter
Tyro Payments said it has already seen the first signs that consumer spending is softening, but will earn a bigger-than-expected profit as it waits for suitor Potentia Capital to lob a new takeover bid.
Tyro upgraded its earnings guidance for the year ending June 30 on Monday, saying it expects a gross profit between $192 million and $194 million, up from $187 million to $191 million issued previously.
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