What to watch for in Spark’s full-year financials

Spark downgraded its earnings earlier this year and now there are reports of potential staff reductions. (Image: NZME)

Mon, 12 Aug 2024

Spark’s share price this year hit its lowest point since the 2020 covid market plunge, dipping just below $4 per share in June.BusinessDesk spoke to analysts from Forsyth Barr and Jarden who said that Spark's current price, $4.32 per share at publication, is a fair trading price for its current position.In May, the telecommunications and information technology services company downgraded its guidance for its full-year earnings to the end of June 2024, an unusual occurrence for a relatively stable company.This week, it was reported tha...

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