Domain Holdings Australia falls most in eight months on annual earnings miss

Domain Holdings Australia

17/08/2023 02:22

** Shares of Domain Holdings Australia  DHG.AX  slide as
much as 8.8% to A$3.72, marking their biggest intraday pct loss
since Dec 20, 2022
    ** The property listing firm posts annual EBITDA of A$103.3
mln ($66.15 mln), down 20.6% from year-ago levels and missing
consensus estimate of A$108.2 mln
    ** Says FY23 revenue fell 0.5% to A$345.7 mln, below market
estimate of A$363.5 mln
    ** Stock hits lowest level since July 24
    ** Domain Holdings stock up 50.5% YTD, as of last close
    
    ($1 = 1.5615 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))