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AutoStore's Q2 misses expectations, shares slump



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** AutoStore AUTO.OL falls 13% after it reported revenues of $154.2 million, an 8% miss vs company-provided consensus

** The company's adjusted EBITDA off $75.1 also misses consensus by 7% cited by Jefferies

** Jefferies points at challenges in accurately predicting conversion from pipeline to orders to revenues and elongated decision-making cycles at customers

** The broker also notes market delay due to macro issues and high interest rates

** Shares are on track for their worst day in almost 4 months, if losses persist



Reporting by Anna Chaberska

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