Australia's JB Hi-Fi jumps most in more than 2 months after qtrly update beats expectations

JB Hi-Fi

31/10/2024 24:07

** Shares of JB Hi-Fi  JBH.AX  jump as much as 6.1% to
A$82.65, their biggest intraday pct gain since Aug 12 
    ** Shares hit their highest level since Sept 13 
    ** Citi says co's qtrly update is tracking ahead of 1H FY25
Visible Alpha consensus expectations
    ** The consumer electronics retailer posts qtrly sales
growth of 4.9% for JB Hi-Fi Australia
    ** Also posts 19.6% qtrly sales growth for JB Hi-Fi New
Zealand
    ** Shares up ~57% YTD as at 0000 GMT 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))