The S&P/ASX 200 index has given back its morning gains and edged lower this afternoon. At the time of writing the benchmark index is down slightly to 6,405.2 points.
Four shares that have fallen more than most today are listed below. Here's why they are ending the week in the red:
The Blackmores Limited (ASX: BKL) share price has continued its slide and is down a further 3% to $68.75. Investors have been heading to the exits in their droves since the health supplements company released a very disappointing full year result. One broker that was not impressed was Citi. This morning it retained its sell rating but slashed the price target on its shares by a quarter to $63.00.
The Breville Group Ltd (ASX: BRG) share price has crashed 11.5% lower to $16.04 a day after the release of the appliance manufacturer's full year results. News that Goldman Sachs has downgraded its shares to a sell rating with a $14.95 price target appears to be the catalyst for this decline. It felt the company's earnings quality was weak and its cash conversion rate was poor.
The Jumbo Interactive Ltd (ASX: JIN) share price has sunk 15% lower to $17.13 despite the lottery ticket seller more than doubling its full year net profit after tax in FY 2019. Jumbo reported a 124% increase in net profit after tax to $26.4 million thanks to strong customer growth and engagement and increased large jackpot activity. Some investors appear to have been expecting even better.
The oOh!Media Ltd (ASX: OML) share price has crashed 22% lower to $3.14. Investors have been selling the media and outdoor advertising company's shares after it downgraded its full year guidance. Challenging trading conditions has led to oOh!Media cutting its FY 2019 EBITDA guidance from between $152 million and $162 million to between $125 million and $135 million.
