Australia's Kogan.com tumbles, Citi says earnings miss consensus

Kogan.com

24/01/2025 01:42

** Shares of Kogan.com  KGN.AX  down 13.6% to A$5.2
    ** Stock falls as much as 15.1% to A$5.08 earlier in the
day, posting its biggest intraday pct drop since April 24, 2024
    ** Retailer logs 1H25 adjusted EBITDA of A$25.3 mln ($15.89
mln) vs A$21.5 mln last year
    ** Citi says update represents 7% miss to consensus estimate
of A$27.3 mln
    ** More than 1.9 mln shares change hands, 4.9 times the
30-day avg
    ** Stock down 16.9% YTD, including current session's moves

($1 = 1.5926 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))