Why did the Aristocrat share price just plunge 13%?
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The Aristocrat Leisure Ltd (ASX: ALL) share price is falling hard today.
Shares in the S&P/ASX 200 Index (ASX: XJO) gaming technology company closed yesterday trading for $68.13. In morning trade on Wednesday, shares are changing hands for $59.49 apiece, down 12.7%.
For some context, the ASX 200 is down 0.1% at this same time.
This follows the release of Aristocrat’s half-year results for the six months ending 31 March, with those results failing to meet lofty expectations.
Here’s what we learned.
Aristocrat share price tumbles on results
The Aristocrat share price is under pressure despite the company reporting a 9% year-on-year increase in revenue to $3.0 billion. Revenue for the six months was up 5% in…
