Most ASX All Ords stocks are in the red on Thursday after another negative night across the US share market. Around lunchtime, the S&P/ASX All Ordinaries Index (ASX: XAO) is tracking 0.88% lower at 7,346.5 points.
Three All Ords members, in particular, are having a rough trot today upon sharing their latest financial figures with investors.
Here's a quick look into what could be instigating the pessimism.
Image source: Getty Images
Why the red reaction to these ASX All Ords stocks?
Buoyant property prices weren't enough to help Domain Holdings Australia Ltd (ASX: DHG) impress in its full-year results. Instead, the digital property platform provider recorded a steep 32.4% fall in earnings per share (EPS) in FY23.
The company reported roughly flat revenue compared to the prior period, sitting at $345.7 million. Weakness was apparent in Domain's residential segment as new for-sale property listings tumbled 13.8%.
In turn, the company's largest revenue generator experienced a 6.8% decline in reported revenue for the financial year.
The ASX All Ords stock also reported net profits below consensus estimates of $39.8 million. As a result of weaker listings, significant item losses, and discontinued operations losses — Domain's net earnings shrank to $26.1 million.
At the time of writing, shares in Domain are down 7.2% to $3.79. Accounting for today's fall, the share price is now slightly below where it was a year ago.
Next is television and radio broadcaster Southern Cross Media Group Ltd (ASX: SXL). In FY23, full-year revenue for this media company slipped 3.7% to $505.6 million. Stellar growth in the digital audio (LiSTNR) category was offset by a 14.5% fall in television revenue.
The real pain struck the Ten Network owner when it came to its net profits after tax (NPAT). Lower revenue and higher expenses culminated in a 20.1% slump in after-tax profits in FY23.
Heading into the afternoon, shares in Southern Cross Media are down 8.3% to 83 cents apiece. The weakened share price means this ASX All Ords stock is now 27.8% below what it traded for a year ago.
Lastly, NRW Holdings Limited (ASX: NWH) rounds out our three ASX shares feeling the heat on Thursday. The diversified contract services company is experiencing a sizeable sell-off despite reporting a record full-year result in many regards.
According to the company's release, revenue reached a record $2.7 billion, rising 11.4% from the prior year. Likewise, EBITDA came in at a record $288.8 million, increasing by 10.2%. Notably, all three segments — civil; mining; and minerals, energy, and technologies — delivered growth in the latest financial year.
However, statutory earnings shrunk from $90.2 million in FY22 to $85.6 million.
At the time of writing, shares in this ASX All Ords stock were down 6.6% to $2.56. Despite the negative move, the NRW Holdings share price is still 21.8% higher over the past year.
