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SEEK Earnings Update

Share of Seek are down over 3% in early trade after announcing disappointing underlying earnings for the six-month period ending December 31st.

The company reported EBITDA of $170.3 million, down from $193.3 million in the previous period on revenue of $487.9 million.

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Seek announced an interim dividend of 23 cents per share, which was up 10% versus a year ago.

Our Algo Engine has triggered a “short” signal at yesterday’s high of $15.92.

 

Chart – SEK

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