WorleyParsons slumps on profit downgrade

Shares drop 20%, reduced professional services revenue to hit profit, Aust decline 'greater than expected'.

Shares in WorleyParsons (WOR) have plunged after the group downgraded its full-year earnings forecast after experiencing a delay in upturn in its markets.

At 1035 AEDT, WorleyParsons shares dropped 20.33% to $17.20, against a benchmark index fall of 0.23%.

WorleyParsons shares fell as low as $17.01 in early trade. 

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