Australia's JB Hi-Fi top gainer on ASX 200 on consensus-beating HY results

JB Hi-Fi

11/02/2024 23:50

** Shares of JB Hi-Fi  JBH.AX  jump as much as 5.3% to
A$59.570, their biggest intraday gain since Jan 17, 2023 
    ** Stock top gainer on the benchmark S&P/ASX 200  .AXJO 
index
    ** The consumer electronics co posts HY net profit
attributable of A$264.3 mln ($172.32 mln), down 19.9%, but beat
a Visible Alpha consensus by 6.2% according to Jefferies 
    ** Declares interim dividend of 158 AU cents per share 
    ** Shares hit their highest level since Jan 16 
    ** "Expect consensus upgrades & stock to do well despite
recent outperformance" - Jefferies
    ** JBH up 6.6% YTD as of last close 
    

($1 = 1.5337 Australian dollars)

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