2019 drop explainedWhy did the a2 Milk share price crash lower in August?Whilst some of its decline was attributable to concerns over the U.S and China trade war, the majority of its decline was triggered by its full year results release.Although a2 Milk Company delivered yet another year of strong growth, the market was expecting even more from the fast-growing company.In FY 2019 the infant formula and fresh milk company posted revenue of NZ$1,304.5 million and EBITDA of NZ$413.6 million. This was a 41.4% and 46.1% increase, respectively, on the prior corresponding period.However, its EBITDA missed earnings estimates by 2.7%, based on Bloomberg’s average analyst consensus.Also weighing on its shares was management flagging lower margins due to an increased marketing spend in FY 2020, which led to most brokers downgrading their earnings estimates for the year ahead.......,..
how does this compare to 2020 downgrade
2019 drop explainedWhy did the a2 Milk share price crash lower...
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Last
$7.16 |
Change
0.020(0.28%) |
Mkt cap ! $5.176B | |||
| Open | High | Low | Value | Volume |
| $7.16 | $7.23 | $7.07 | $18.04M | 2.526M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4213 | $7.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 17242 | 2 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |