The S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down 0.15% to 8,823.3 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
Image source: Getty Images
Bendigo and Adelaide Bank Ltd (ASX: BEN)
The Bendigo and Adelaide Bank share price is down 8% to $11.69. Investors have been selling this regional bank's shares following the release of a first quarter update. Bendigo and Adelaide Bank revealed that its Common Equity Tier 1 (CET1) ratio decreased by 7 basis points since the end of June to 10.93%. This and other metrics fell short of the market's expectations.
Commonwealth Bank of Australia (ASX: CBA)
The CBA share price is down 6% to $164.05. This banking giant's shares have been sold off following the release of a soft first quarter result. CBA reported operating income growth of 3% and a 1% lift in cash net profit after tax to $2.6 billion. Investors don't appear to believe that this modest growth justifies its lofty valuation and have been hitting the sell button today. Commenting on the bank's outlook, CBA's CEO, Matt Comyn, said: "We are closely watching the increased competitive intensity and implications across the financial system, and we will continue to adjust our settings as appropriate. The Australian economy remains resilient. Economic growth is recovering and disposable income is rising for many households. We remain focused on our strategy to build a brighter future for all."
Coronado Global Resources Inc (ASX: CRN)
The Coronado Global share price is down 27% to 27 cents. This follows the release of the coal miner's third quarter update. Coronado advised that revenue for the nine months to 30 September fell 27% to US$1.38 billion. This led to the company posting a net loss of US$281.9 million for the period, which has sparked fears that it could be on the brink of collapse. It warned: "[…] further operating losses and negative operating cash flows for the remainder of 2025 and into 2026, which, combined with other factors, could impact the company's ability to comply with financial covenants under the ABL Facility on and beyond December 31, 2025."
Life360 Inc (ASX: 360)
The Life360 share price is down almost 6% to $45.48. This is despite the location technology company delivering a record quarterly result, upgrading its guidance, and announcing a new acquisition. Life360 posted a 34% increase in revenue to US$124.5 million and a 174% jump in adjusted EBITDA to US$24.5 million. Its earnings guidance for FY 2025 is now US$84 million to US$88 million instead of US$72 million to US$82 million previously.
