Santos stock rebounds after profit miss; job cuts and dividend date sharpen focus
Santos Limited shares jumped 5.6% to A$7.00, rebounding after a profit miss and cost-cut announcement. The company plans a 10% headcount cut and a strategic portfolio review after reporting full-year earnings down 25% to $898 million. The stock’s ex-dividend date is Feb. 23. Investors are watching the impact of cost cuts and project delays on future cash returns.
