Australia's Tabcorp Holdings eyes worst day in nearly 4 years on weak results

Tabcorp Holdings

22/02/2024 24:35

** Shares of Tabcorp Holdings  TAH.AX  fall as much as 13.8%
to A$0.625, biggest intraday loss since March 23, 2020 
        ** Stock at its lowest since Nov. 2, 2020
    ** Gambling entertainment co posts Group EBITDA of A$170 mln
($111.47 mln), down 14% from corresponding period
    ** Co adds group Revenue of A$1,210 mln, down 5% from last
year 
    ** Stock on track a third consecutive session of loss
    ** Stock down ~13% YTD


($1 = 1.5251 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))