Computershare Limited Revised its Guidance Due to Changes in Interest Rate

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Computershare Limited Revised its Guidance Due to Changes in Interest Rate

Computershare Limited (ASX:CPU) provided an update on its revised guidance as financial markets have become volatile due to the recent cut in the interest rates in the US and Canada by 50bps.
Key changes are as follows.

  • The margin income revenue is expected to be around $185 million and $115 million in FY 2020 and FY 2021 respectively, as compared to $245 million in FY 2019.
  • FY 2020 Management EPS decreased around 15 percent.

At AEDT 01:17 PM, CPU shares were trading at $11.470, down 2.961 percent from its previous close.

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