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Why Audinate, Lynas, Nine, and Xref shares are falling today

Why Audinate, Lynas, Nine, and Xref shares are falling today


Published on 2025-02-04 03:21:07 - MSN
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  • These shares are heading lower as the market climbs on Tuesday. But why? The post Why Audinate, Lynas, Nine, and Xref shares are falling today appeared first on The Motley Fool Australia.

The article from MSN discusses the reasons behind the recent declines in share prices for several Australian companies. Audinate Group saw a 10% drop in its shares after reporting a 10% decrease in revenue for the first half of the fiscal year, despite a 15% increase in profit. Lynas Rare Earths experienced a 10% fall in its share price following a 28% drop in its quarterly revenue, attributed to lower production and sales volumes. Nine Entertainment shares fell by 9% after the company announced a 1% decrease in revenue and a significant 38% drop in net profit after tax for the first half of the year, influenced by a challenging advertising market. Lastly, Xref shares plummeted by 25% after the company issued a profit warning, expecting a loss for the first half of the fiscal year due to lower than expected revenue and higher operating costs. These declines reflect broader market concerns about profitability and operational challenges in various sectors.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/why-audinate-lynas-nine-and-xref-shares-are-falling-today/ar-AA1ymvzW ]
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