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NextDC Cuts 2027 Earnings Due to Power Delays | ByteBrief

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FinanceQuartzabout 3 hours ago

NextDC Cuts 2027 Earnings Due to Power Delays

3 min read

NextDC cut its fiscal 2027 earnings forecast on Wednesday after electricity network delays pushed back power supply to its M3 data center in Melbourne, causing stock to fall 39.5%. The company reduced capital spending guidance to A$4.5 billion-A$5 billion and paused new projects.

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More to chew on!

Finance3 days ago

Nextdc Halts Trading Over Power Delay

Financeabout 11 hours ago

NextDC's stock fell as much as 44% to A$5.15 after the Australian data center company cut its earnings forecast by over a third; shares were above A$16 in June (Nic Fildes/Financial Times)

Financeabout 14 hours ago

NextDC Shares Plunge 40% on Forecast Cut

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