In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has had a positive start to the week and is on course to record a solid gain. At the time of writing the benchmark index is up almost 0.5% to 6,094.3 points.
Four shares that have failed to follow the market higher today are listed below. Here's why they have started the week in the red:
The Bank of Queensland Limited (ASX: BOQ) share price is down 7% to $9.28 after the regional bank warned that its first half profits could fall as much as 10% compared to the prior corresponding period. This follows a notable decline in its non-interest income during the half. The bank blamed the fall on "continued downward pressure across fee, trading, insurance and other income lines".
The BINGO Industries Ltd (ASX: BIN) share price has crashed 45% lower to $1.26 after the waste management company downgraded its full year earnings guidance. Instead of $108 million to $112 million in underlying EBITDA, the company now expects underlying EBITDA to be in the range of $92 million to $96 million in FY 2019. This has been caused by a faster than anticipated softening in multi-dwelling residential construction activity, the decision to not lift prices in FY 2019, and the reconfiguration of its development projects.
The Helloworld Travel Ltd (ASX: HLO) share price has plunged 7.5% lower to $5.74 after the release of an underwhelming half year result. For the six months ended December 31, Helloworld grew its total transaction value (TTV) by 6.1% to $3,152.9 million, revenue by 7.7% to $182.2 million, and EBITDA by 5.6% to $42 million. And while management held firm with its full year EBITDA growth guidance of 16.5% to 22.7%, the market doesn't appear convinced that it will achieve this.
The Smartgroup Corporation Ltd (ASX: SIQ) share price has tumbled 9% lower to $8.90 following the release of a softer than expected full year result. In FY 2018 the company posted revenue of $241.8 million and EBITDA of $111.8 million. While this was a year on year increase of 18% and 19%, respectively, it fell a touch short of the $250 million and $114 million that was expected by the market.
