Stock Track | Nufarm Soars 5.47% Intraday on Strong Earnings Beat and Positive Cash Flow Outlook
Stock Track
May 27
Nufarm Ltd (NUF.AU) saw its stock price soar 5.47% during intraday trading on Wednesday, marking a significant upward movement.
The surge follows the company's release of its fiscal first-half results, which showed earnings per share of AU$0.108, excluding material items, surpassing both the prior year's result of AU$0.071 and analyst expectations of AU$0.10. While revenue for the period came in below expectations, the strong earnings performance appears to have driven investor confidence.
Further supporting the positive sentiment was the company's outlook, which indicated that free cash flow is expected to be positive for the full fiscal year 2026, alongside a targeted capital expenditure below AU$200 million.
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