NextDC shares plunge 39.5% after lowering annual profit outlook due to power supply delays
- 1NextDC shares fell 39.5% on Wednesday.
- 2NextDC cut its profit outlook, announcing a lowered FY2027 revenue guidance of AUD 475 million to AUD 500 million.
- 3Power distributor Jemena is not expected to resume infrastructure upgrade work at the M3 Melbourne data center before February 2027.
So what's the key point?
NextDC shares dropped significantly by 39.5%. This happened because the expected future revenue decreased due to delays in power supply.
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