UK's Spectris bottoms midcaps on tepid profit forecast
Corrects stock move and price in first bullet and milestone to 2022, from 2023, in second bullet
** Shares of scientific instruments maker Spectris SXS.L fall as much as 14% at 2,754 pence; top loser on the FTSE mid cap index .FTMC
** Stock hit its lowest level since Oct 2022
** Sees FY adjusted operating profit to be at or marginally below the bottom end of market estimates
** Company-complied consensus of analyst expectations for FY adjusted operating profit is between 232 mln Pounds ($295.13 million) and 259 mln pounds for the year ended December 31.
** SXS says Derek Harding to step down as CFO on 1 September 2024
** As of last close, stock down ~15% YTD
($1 = 0.7861 pounds)
Reporting by DhanushVignesh Babu in Bengaluru
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