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NextDC slashes earnings forecasts after Melbourne power delays
NextDC has slashed its full-year earnings guidance by more than a third following delays connecting a Melbourne data centre to power networks, and flagged it could sell data centre development sites, triggering a 40 per cent rout in its shares.
The ASX-listed data centre group’s share price resumed trading on Wednesday at $5.30, having last changed hands at $9.18 on Friday prior to entering a trading halt pending an update on the financial impact from energy connection delays at its M3 data centre in West Footscray, on the outskirts of the Melbourne CBD.
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