2252 GMT - Xero's first-half cost performance is likely to be well received by investors, E&P analyst Paul Mason says. He says a lot of his recent conversations about the cloud-accounting software provider have been with people worried about its costs. As such, he thinks that stronger-than-expected first-half Ebitda of NZ$311.7 million could lead to support for the stock. However, he tells clients in a note that net profit was slightly lower than analysts had expected. E&P has a neutral rating and A$148.00 target price on the stock, which is at A$161.55 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 13, 2024 17:52 ET (22:52 GMT)

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