In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to finish the week on a high. At the time of writing the benchmark index is up 0.4% to 6,164.9 points.
Four shares that have failed to follow the market higher today are listed below. Here’s why they are ending the week in the red:
The Hansen Technologies Limited (ASX: HSN) share price has tumbled 8% lower to $3.10 following the release of the billing technology company’s half year results. For the six months ended December 31, Hansen posted first half operating revenue of $112.4 million and EBITDA of $28.5 million. Although this was an improvement on its performance in the second half of FY 2018, it was a 5% and 15.7% decline, respectively, on the prior corresponding period.
The iSentia Group Ltd (ASX: ISD) share price has crashed 20% lower to 26 cents after the embattled media intelligence company released yet another disappointing result. For the first half of FY 2019 iSentia posted a 12.2% decline in revenue to $62.25 million and a 29.8% decline in underlying EBITDA to $11 million. The company posted a $22.1 million loss after tax for the half, due largely to the the impairment of some intangible assets.
The Orocobre Limited (ASX: ORE) share price is down 3% to $3.30 following the release of the lithium miner’s half year results. During the half the company achieved revenue of US$51.5 million after enjoying an average sales price of US$12,295 per tonne FOB. However, prices have fallen heavily in 2019 with management expecting the average sales price for the March quarter to be approximately US$9,000/tonne FOB.
The Woodside Petroleum Limited (ASX: WPL) share price has dropped 4% to $35.48. Today’s decline is almost entirely attributable to the energy producer’s shares trading ex-dividend this morning for its final dividend of 127.5 cents per share. This dividend will be paid to eligible shareholders on March 20.
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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Hansen Technologies. The Motley Fool Australia has recommended iSentia Group Ltd. 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 Scott Phillips.