BUZZ-Credit Corp Group on track for worst week in over 2 years on profit miss
Reuters
Feb 06
BUZZ-<a href="https://laohu8.com/S/CCP.AU">Credit Corp</a> Group on track for worst week in over 2 years on profit miss
** Shares of Australia's Credit Corp Group CCP.AX fall as much as 3.8% to A$11.14
** Stock fell 19.6% on a weekly basis, set for its worst week since mid-October 2023
** Jefferies and Morningstar cut the financial services company's price target and fair value estimate after first-half earnings missed estimates
** On Tuesday, CCP reported half-year NPAT of A$44.1 million ($30.61 million), missing Jefferies estimates of A$50 million
** Stock is down 19.1% YTD
($1 = 1.4409 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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