ASX stocks making headlines today; Why is EML Payments down 35%?
EML Payments (ASX:EML) released a third quarter trading update today including 23 new contracts signed in the quarter and 90 year-to-date, and revenue up 21% on the prior corresponding period. But investors are selling out of EML Payments shares today, sending the share price down almost 35% after the company downgraded its EBITDA guidance for the 2022 financial year by 8%.
Airtasker (ASX:ART) also released a March quarter trading update today including gross marketplace volume up 24.9% to $51.5 million, and revenue growth of 21.2% to $8.6m.
Following the news, shares in Airtasker soared 12.5%.
Woodside (ASX:WPL) also joined the list of companies releasing a March quarter trading update today, including delivered production of oil equivalent down 1%, and sales revenue fell 17% due to unprecedented volatility in the market which was intensified by Russia’s invasion of Ukraine.
Following the announcement, Woodside shares fell almost 5%.
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