0133 GMT - Domain's unchanged full-year cost and margin guidance implies that the Australian real-estate advertiser will outperform Citi's expectations over its fiscal 2H. Analyst Siraj Ahmed tells clients that Domain's 1Q digital revenue was weaker than he had forecast, with softer-than-expected residential yield growth a major factor. However, he writes that Domain's reiteration of guidance for cost growth in the high-single to low-double digits is positive given worries that it might have to increase spending. Citi has a last-published buy rating and A$3.65 target price on the stock, which is down 6.25% at A$2.85. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 05, 2024 20:33 ET (01:33 GMT)
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