Guess which ASX All Ords shares are sinking after poor updates

Investors have not responded positively to updates from these companies.

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A couple of ASX All Ords shares are sinking deep into the red on Thursday following the release of updates.

Let's dig deeper and find out what's going on. Here are the shares in question:

Ampol Ltd (ASX: ALD)

The Ampol share price is down 2.5% to $35.11 today after fuel retailer provided guidance for the full year.

According to the release, the ASX All Ords share is expecting its unaudited Replacement Cost Operating Profit (RCOP) EBIT for the full year to be "slightly ahead" of the record results delivered in 2022, on a continuing basis.

While this looks positive on paper, the market was expecting a stronger result after its stellar third quarter performance, which saw its RCOP EBIT increase 65% on the prior corresponding period.

Management notes that growth in earnings from non-refining divisions offset a reduction in refinery earnings from the historically high levels in the prior year.

In addition, the company revealed that the Lytton Refiner Margin (LRM) averaged US$10.52 per barrel in the fourth quarter. This is down sharply from US$19.69 per barrel in the previous quarter. This reflects a rise in landed crude premiums and reduced product crack spreads compared to the third quarter.

APM Human Services International Ltd (ASX: APM)

The APM share price is also sinking today and is down 35% to 85 cents. Investors have been hitting the sell button today after the international human services provider released an update on its first half performance.

The ASX All Ords share expects to report revenue of $1.14 billion and underlying NPATA of $55 million for the six months ended 31 December. This compares to revenue of $853.7 million and underlying NPATA of $85.4 million a year earlier.

Management blamed this on tough labour market conditions and higher interest costs and taxes.

It expects things to improve in the second half, noting that "2H24 EBITDA and NPATA to be higher than 1H24 with a second half earnings skew consistent with prior periods."

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended APM Human Services International. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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