Macquarie has revealed the ASX shares that endured the biggest share price falls after their results were released during earnings season.
The broker limited the list to the top 100 ASX shares, or the S&P/ASX 100 Index (ASX: XTO).
Macquarie said 11 ASX 100 shares underperformed their peers in terms of price reactions during last month's reporting season.
These stocks experienced a 10% or more decline within two days of their reports being released.
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11 ASX shares that tanked after their results
CSL Ltd (ASX: CSL)
The CSL share price is trading at a 6-year low of $206.28 at the time of writing, down 1%.
CSL reported a 5% revenue rise to US$15.6 billion and a 17% increase in net profit after tax (NPAT) to US$3 billion for FY25.
The market's largest healthcare company also surprised investors with the announcement of the demerger of its Seqirus division.
The ASX healthcare share plummeted 18.6% over the next two days.
Woolworths Group Ltd (ASX: WOW)
The Woolworths share price is $27.34, down 1.9% today.
Woolworths reported a 3.6% year-over-year increase in sales to $69.1 billion and a 17.1% decline in NPAT to $1.39 billion for FY25.
The ASX consumer staples share plunged 15.2% within two days of the report.
Sonic Healthcare Ltd (ASX: SHL)
The Sonic Healthcare share price is 4% lower on Wednesday at $22.79.
Sonic Healthcare reported revenue of $9,645 million, up 8% year over year, and an NPAT of $514 million, up 7% for FY25.
The ASX healthcare share fell 14.4% over the next two days.
WiseTech Global Ltd (ASX: WTC)
The WiseTech share price is $95.74 at the time of writing, down 3.7%.
WiseTech reported a 14% year-over-year increase in revenue to $778.7 million, and a statutory NPAT of $200.7 million, up 17% for FY25.
The market's biggest tech share dropped 13.8% within two days of the report.
James Hardie Industries PLC (ASX: JHX)
The James Hardie share price is currently $29.88, down 0.8%.
James Hardie reported net sales of US$899.9 million, down 9% and adjusted EBITDA of US$225.5 million, down 21% in 1Q FY26.
Investors didn't like it. The ASX materials share was punished with a 34.6% decline within two days.
Reece Ltd (ASX: REH)
The Reece share price is $10.35, down 1.3%, on Wednesday.
The bathroom products retailer reported FY25 revenue of $8.98 billion, down 1% from the previous year, and NPAT of $317 million.
The ASX industrial share fell 22.6% within two days of the report.
QBE Insurance Group Ltd (ASX: QBE)
The QBE share price is $21.56 at the time of writing, down 0.7%.
QBE reported a gross written premium of $13.82 billion, up 6%, and statutory NPAT of $1.022 billion, up 27% for 1H FY25.
Clearly, the market expected more of the insurer. The ASX financial share fell 10.5% over the next two days of trading.
Amcor CDI (ASX: AMC)
The Amcor share price is $12.82, down 2.6% today.
Amcor reported a 43% jump in net sales to US$5,082 million, with EBITDA also up 43% to US$789 million in 4Q FY25.
This was short of consensus analyst estimates. The ASX materials share declined 12.4% over the next two days.
Ramsay Health Care Ltd (ASX: RHC)
The Ramsay Health Care share price is $33.50, down 1.7% on Wednesday.
The private hospital operator reported revenue of $17.8 billion, up 6.8%, while the underlying NPAT was $305.3 million, up 1.7% in FY25.
The ASX healthcare share fell 11% within two days of the report.
Light & Wonder Inc CDI (ASX: LNW)
The Light & Wonder share price is $133.07 at the time of writing, down 3.4%.
Light & Wonder reported revenue of US$809 million, down 1%, and an NPATA of US$252 million, up 8% for 2Q FY25.
The ASX consumer discretionary share dropped 13% within two days of the report.
AGL Energy Ltd (ASX: AGL)
The AGL Energy share price is $8.20, down 0.3% today.
AGL reported an underlying EBITDA of $2,010 million, down 9%, and an underlying NPAT of $640 million, down 21% for FY25.
The ASX utilities share deteriorated 11.3% over the next two days.
