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Australian data center operator NextDC's shares plunge 40% after it slashes earnings forecast

4 sources

afr.com43h ago

Centerprovisional

NextDC slashes earnings forecast, triggering 40pc share plunge

A community backlash against a data centre development in Melbourne has delayed power connections and forced the company to slash its earnings guidance.

Original

Investing.com44h ago

Centerprovisional

Australian AI data centre operator NextDC shares shed 44% on revenue delay

The company cited power supply delays at its Melbourne facility amid local community and stakeholder opposition for lowering earnings forecast.

Original

US Top News and Analysis (US)44h ago

Centerprovisional