NextDC Forecasts Revenue of $333 Million to $350 Million

Shares in NextDC fell 41.7% Wednesday after the Australian data center operator cut its annual outlook, as community opposition delayed a grid upgrade for its M3 site in Melbourne. NextDC now forecasts revenue of $333 million to $350 million and EBITDA of $172 million to $186 million. EBITDA is earnings before interest, taxes, depreciation and amortization. The revenue outlook is down from the company’s previous forecast, following the Melbourne power delay covered in an earlier report .

Source: TokenPost