Orica Posts Revenue Miss; Earnings, Payout a Small Beat -- Market Talk

Dow Jones

2024-11-14

0020 GMT - Orica's FY revenue fell short of expectations, but the explosives and chemicals maker notched a small beat on earnings and its dividend, Citi analyst Paul McTaggart says in a note. He calls it a solid result and says Orica's FY2025 outlook is both constructive and in line with growth expectations. Citi has a neutral rating and a A$19.00 target on Orica. The stock is down 3.2% at A$17.00/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

November 13, 2024 19:20 ET (00:20 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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He calls it a solid result and says Orica's FY2025 outlook is both constructive and in line with growth expectations. Citi has a neutral rating and a A$19.00 target on Orica. The stock is down 3.2% at A$17.00/share. 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