Business
ASX 200 drops on Thursday
The S&P/ASX 200 Index (ASX: XJO) fell by 0.55% today to 6,691 points.
Here are some of the highlights from the ASX:
Appen Ltd (ASX: APX)
The Appen share price fell by around 10% after giving an update today.
The AI machine learning data business said that whilst its FY20 third quarter was lower than expected, its major customers released strong third quarter results and online advertising bounced back. This, and the fact its fourth quarter revenue has historically averaged 30% of its full year results, gave Appen the confidence to maintain its market guidance up until today.
However, Appen’s November results, which have just been finalised, show that while the fourth quarter has improved compared to the third quarter, the usual ramp up…
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