The S&P/ASX 200 Index (ASX: XJO) is back on form on Thursday. At the time of writing, the benchmark index is up 0.6% to 7,241 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
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Aristocrat Leisure Limited (ASX: ALL)
The Aristocrat share price is down 4% to $37.65. This follows the release of the gaming technology company's half-year results. Aristocrat reported a 12.2% increase in revenue to $3,080.4 million and a 5.7% increase in EBITDA to $1,025.5 million. Goldman Sachs commented: "Americas was a key positive surprise while ANZ and Pixel United results were misses vs. GSe."
Beach Energy Ltd (ASX: BPT)
The Beach Energy share price is down 4% to $1.35. This has been driven by the release of an update on the Waitsia Stage 2 project. According to the release, the tight labour market in Western Australia has impacted construction progress and created a range of uncertainty in outcomes. As a result, Beach no longer considers it prudent or appropriate to maintain its previously targeted schedule and capital estimates. A review is underway.
Bowen Coking Coal Ltd (ASX: BCB)
The Bowen Coking Coal share price is down 6% to 20.7 cents. This is despite there being no news out of the coal miner. In addition, it is worth noting that other coal miners are charging higher today. This latest decline means the Bowel Coking Coal share price is now down by a third this year.
Virgin Money UK (ASX: VUK)
The Virgin Money UK share price is down 1% to $2.82. This has been driven by the UK bank's shares trading ex-dividend this morning for its interim dividend of 6.2 cents per share. Eligible shareholders can now look forward to receiving this dividend next month on 21 June.
