Tiger Brokers

BUZZ-Australia's Harvey Norman tumbles to seven-month low on half-year profit miss

Reuters
7 hours ago
BUZZ-Australia's <a href="https://laohu8.com/S/HNORF">Harvey Norman</a> tumbles to seven-month low on half-year profit miss

** Shares of Australian consumer electronics retailer Harvey Norman HVN.AX fall 8.5% to A$5.790, their lowest point since August 4, 2025

** Harvey Norman marks its worst intraday fall since late June 2024

** Stock among top losers in the ASX200 benchmark index .AXJO

** About 2 million shares change hands, vs the 30-day average of 1.6 million shares

** Co posts first-half 2026 profit before tax of A$372.8 million ($264.69 million), up 20% from last year but below the Visible Alpha consensus of A$380 million

** Jefferies says co's Australian segment sales for January 2026 missed rival JB Hi-Fi's JBH.AX Australia segment sales for the same period

** YTD, stock down 15.4%, including the day's moves

($1 = 1.4085 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@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