UK's Spectris falls to 4-year low on FY24 profit forecast cut
** Scientific instruments maker Spectris SXS.L falls as much as ~8% to 2,370p, lowest since September 2020
** Co cuts its annual profit forecast FY24
** Says persistent softness in the Chinese market likely to continue into the early part of 2025
** Expects to deliver FY24 adjusted operating profit, including contribution from two completed acquisitions, of ~200 mln stg ($259.6 mln)
** Stock rated "buy" on avg; median PT is 3,390p - LSEG
** Stock down ~33.63% YTD, as of last close
($1 = 0.7704 pounds)
Reporting by Ankita Bora in Bengaluru
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