The ASX 200 index is falling hard today after a selloff on Wall Street overnight.
But three ASX 200 shares that are catching the eye with particularly big declines are listed below.
Let's see what is making investors hit the sell button:
Domain Holdings Australia Ltd (ASX: DHG)
This property listings company's shares are down 6% to $3.25 at the time of writing.
Investors have been selling down the ASX 200 share despite it posting strong revenue and earnings growth during the first half.
Domain posted an 11% increase in revenue to $202.2 million, a 32.1% lift in EBITDA to $68.4 million, and a 48.7% jump in net profit to $25.8 million.
As strong as this is on paper, the market was expecting Domain's EBITDA to be approximately 4% higher than what was delivered.
Graincorp Ltd (ASX: GNC)
This grain exporter's shares are down 15% to $6.98. This follows the release of its guidance for FY 2024 at its annual general meeting.
Graincorp advised that it expects to report FY 2024 underlying EBITDA in the range of $270 million to $310 million and underlying net profit after tax of $65 million to $95 million.
This will be down sharply from the $565 million and $250 million it reported in FY 2023. Management advised that this reflects the normalisation of East Coast Australia (ECA) growing conditions.
GUD Holdings Limited (ASX: GUD)
This diversified products company's shares are down 11% to $10.65. This follows the release of its half-year results.
GUD reported an 11.6% increase in underlying EBITA to $98.0 million for the half. This was thanks to strong growth from the APG business and the ongoing resilience of the Automotive business.
In addition, underlying NPATA and earnings per share both increased 10.5%, which allowed the ASX 200 share to increase its interim dividend by 8.8% to 18.5 cents per share.
The share price weakness may have been driven by commentary around the outlook of APG. It said:
Still expecting strong revenue and EBITA growth in FY24 but short-term deferrals of replenishment orders (Toyota) means that H2 EBITA is expected to be slightly below H1.
