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StumbleTrading of firm’s stock halted
Friday, May 23, 2003 | 11:43 a.m.
SYDNEY, Australia -- A temporary trading halt was ordered for Aristocrat Leisure Ltd. shares today, giving the Australian gambling machine maker time to prepare a statement about its financial outlook.
The company plans to make an announcement about its trading expectations prior to the opening of normal market trading in Australia Monday. Its shares are then expected to resume trading.
Since issuing a drastic profit warning in February, and ousting several senior executives in Australia and abroad, Aristocrat has been reluctant to provide earnings forecasts.
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