Prosus's Expected Headline Earnings Are in Line With Views -- Market Talk

Dow Jones06-12

0536 GMT - Growth in Prosus's headline earnings per share is in line with expectations and was driven by improved profitability of its investments and its open-ended buyback, Citi says in a note. The internet companies-focused Dutch investor said it expects its fiscal 2024 non-adjusted earnings to drop on-year on smaller gains from the sale of part of its stake in Chinese tech group Tencent. "We expect a neutral to slightly positive share price reaction given in-line Continuing Core Headline EPS as well as expected successful execution of guidance on Consolidated eCommerce profitability and free cash flow generation," analysts write. Shares in Amsterdam have gained 25% year to date. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

June 12, 2024 01:36 ET (05:36 GMT)

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The internet companies-focused Dutch investor said it expects its fiscal 2024 non-adjusted earnings to drop on-year on smaller gains from the sale of part of its stake in Chinese tech group Tencent. \"We expect a neutral to slightly positive share price reaction given in-line Continuing Core Headline EPS as well as expected successful execution of guidance on Consolidated eCommerce profitability and free cash flow generation,\" analysts write. Shares in Amsterdam have gained 25% year to date. 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