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REA - REA News Story

A$103.12 2.6  2.6%

Last Trade - 5:10am

Large Cap
Market Cap £6.98bn
Enterprise Value £7.07bn
Revenue £496.1m
Position in Universe 36th / 1826

BUZZ-Australia's REA drops to 3-month trough after lacklustre results

Mon 11th November, 2019 1:03am
** Shares of REA Group  REA.AX  fall as much as 4.7% to
A$98, their lowest since Aug. 12
    ** Online real estate classifieds portal's stock down for a
second straight session after reporting a 14% drop in Q1 profit
on Friday*:nL3N27N4V7
    ** REA also said property listings would continue to decline
in H1 before picking up in the H2, lifting revenue growth later
in the year
    ** At least 3 brokerages have cut PT since co reported
results on Friday; analysts' median PT is A$106.66 – Refinitiv
    ** REA's shares are up 39% this year, as of last close


 (Reporting by Rushil Dutta)
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