Tiger Brokers

BUZZ-Australia's Zip tumbles on weaker HY results and estimates miss

Reuters
Feb 19
BUZZ-Australia's Zip tumbles on weaker HY results and estimates miss

** Shares of Zip Co ZIP.AX fall as much as 36.2% to A$1.80, set for their weakest trading session since November 14, 2014

** Stock hits lowest level since May 12, 2025

** Buy now, pay later services provider posted a drop in HY revenue margin to 7.9% vs 8.2% in pcp

** Co said it will only consider undertaking a dual listing in the U.S. when in best interests of shareholders

** Citi says core NAT of A$52 mln ($36.60 mln) an 11% miss vs VA consensus estimates

** Sandstone Insights of the opinion co chasing growth too aggressively, "will need to be closely monitored"

** Stock down 44.7% YTD, including the day's moves

($1 = 1.4207 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10