What happened to Adbri (ABC) shares today?
ABC -22.01%: Knocked today following a profit downgrade and the departure of their CEO. The building products company now forecast net profit after tax (NPAT) of $75-85m which compares to the consensus of $116m for FY22 (December year-end). The market was already bearish on ABC earnings as can be seen in the earnings graph below which is available on the Market Matters website
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