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Perform shares drop more than 50% following profit warning

12th December 2013 2:24 pm GMT

Shares in digital sports media provider Perform slumped by more than 50 per cent in London today, wiping off more than £570m from its market capitalisation, after the company warned that its 2013 full year earnings were expected to be significantly below prior expectations due to a poor fourth quarter performance.

Perform said that Q4 is normally the most important quarter for the business, with revenues previously expected to be a third of the company’s [...]

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