FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo
(Reuters) -Grab Holdings posted its first-ever quarterly profit on Thursday and announced a maiden share repurchase plan, but a weak annual sales forecast fanned growth worries and weighed on the ride-share and food-delivery firm's shares.
The Singapore-based company forecast fiscal 2024 revenue between $2.70 billion and $2.75 billion, the midpoint of which was below analysts' estimates of $2.80 billion, according to LSEG data.
