Australia's Kogan.com hits near 4-week low on earnings miss

Kogan.com

23/08/2022 01:35

** Shares of online retailer Kogan.com  KGN.AX  slide as
much as 8.4% to A$3.48, their lowest since July 28 
    ** KGN posts FY loss after tax of A$35.5 mln ($24.42 mln),
versus profit of A$3.5 mln a year ago and missing a RBC estimate
of A$16.2 mln loss  urn:newsml:reuters.com:*:nASX6T7J63
    ** KPS reports underlying loss of A$2.9 mln, while RBC
estimate was for A$0.5 mln profit
    ** Stock posts its biggest intraday pct fall since July 29
    ** Stock down 56.9% this year, as of last close

     ($1 = 1.4537 Australian dollars)
    

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