Why these 4 shares are falling on the ASX today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) moved sharply lower on Friday, falling 0.8% by mid-afternoon trade. However, the following ASX 200 shares were getting hit particularly hard.

  1. Domino’s Pizza Enterprises Ltd. (ASX: DMP) – down 8.5%

Domino’s Pizza Enterprises has been one of the ASX’s great success stories in recent years, soaring some 680% since 2011. However, so far in 2016 the Domino’s share price has fallen nearly 16% despite some decent announcements from the company. Earlier this week, analysts at Goldman Sachs placed a $53 price target on Domino’s shares, up 4% from their previous estimate, according to Dow Jones Newswires.


Surprisingly, the Whitehaven Coal share price trended lower today despite the company releasing an upbeat half-year report to the market. In the six months ended 31 December 2015, Whitehaven said a 55% rise in coal sales, fuelled by a 59% increase in production, helped the company turn a $77.8 million loss last year into a $7.8 million profit this year. It also provided a bullish long-term outlook despite falling coal prices.

  1. REA Group Limited (ASX: REA) – down 5.3%

The owner of also saw its share price discounted by the market following the release of its half-yearly result. And rightly so. The company claimed to have lifted profit 28% year over year. However, that figure was achieved only after excluding a number of items from its “core” earnings. Nonetheless, the report appeared promising, albeit not what the market was expecting.

  1. News Corp (ASX: NWS) – down 4.7%

News Corp released its fourth quarter update to the market today and its shares subsequently fell. The global media heavyweight revealed a fall in earnings per share from $0.27 to $0.15 and a modest decrease in revenue. The company’s news and information services and book publishing businesses both reported a 25% fall in operating profit year over year.

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Motley Fool writer/analyst Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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