UPDATE: Gentrack shares drop 12% on profit warning

Thu, 25 Jul 2019

(Recasts lede, updates share price and adds analyst comment from 5th paragraph) By Paul McBeth July 25 (BusinessDesk) - Gentrack shares dropped 12 percent after the company said it expects annual earnings will fall by as much as 13 percent due to delays in customer projects and bad debt risks in the UK. The utilities software developer said annual earnings before interest, tax, depreciation and amortisation will probably be $27-$28 million in the 12 months ending Sept. 30, down from $31 million in the prior year. Gentrack had previous...

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