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Altium shares plunge despite beating earnings forecast

Yolanda Redrup
Yolanda RedrupRich List co-editor
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Investors’ aggressive reaction to electronic design software company Altium’s weaker-than-expected full-year guidance has sparked CEO Aram Mirkazemi to question how he conveys one-off costs to the market.

On Monday Altium shares slumped 5.9 per cent to close at $32.44, having fallen as much as 10 per cent earlier, after the company said its full-year underlying earnings before interest, tax, depreciation and amortisation (EBITDA) margin would be at the low end of its 34 per cent to 36 per cent guidance range.

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    Original URL: https://www.afr.com/technology/altium-growth-bounces-back-revenue-up-28pc-20220221-p59y6g