Link Administration slips as Macquarie lowers earnings expectations

Link Administration Holdings

04/10/2023 24:46

** Shares of Australia's Link Administration  LNK.AX  fall
as much as 1.5% to A$1.3, their lowest since Sept 21
    ** Analysts at Macquarie lower earnings estimates on the
share registry firm reflecting higher interest expenses
    ** Cuts earnings expectations by 11.5% and 13.6% on co for
FY24 and FY25
    ** Sees earnings falling in the range of 6% to 12% post
fiscal 2025
    ** Stock has fallen 33.2% this year as of last close 
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))