The S&P/ASX 200 Index (ASX: XJO) is having a poor session on Wednesday. In afternoon trade, the benchmark index is down 1% to 8,862.6 points.
Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:
Bank of Queensland Ltd (ASX: BOQ)
The Bank of Queensland share price is down 8.5% to $6.65. This follows the release of the regional bank’s half-year results. Bank of Queensland posted a 4% decline in cash earnings to $176 million and a 20% decline in statutory net profit after tax to $136 million. This reflects higher expenses and increased loan impairment charges, which offset income growth. Its statutory result also includes a $31 million loss on classification of the equipment finance portfolio.
Cochlear Ltd (ASX: COH)
The Cochlear share price is down 40% to $99.67. Investors have been selling this hearing solutions company’s shares following the release of a disappointing trading update. Cochlear has downgraded its FY 2026 underlying net profit guidance range to $290 million to $330 million. Previously it was guiding to underlying net profit of $435 million to $460 million. Management advised that softer trading in developed markets is being driven by hospital capacity constraints and a decline in referrals from the hearing aid channel.
Northern Star Resources Ltd (ASX: NST)
The Northern Star share price is down 3% to $22.96. This gold miner’s shares are falling today following the release of its third-quarter update. Northern Star reported gold sales of 381,000 ounces for the quarter at an all-in sustaining cost (AISC) of A$2,709 per ounce. The latter is up strongly on the prior corresponding period when it recorded an AISC of A$2,246 per ounce.
Paladin Energy Ltd (ASX: PDN)
The Paladin Energy share price is down 5% to $12.96. This morning, this uranium producer released its quarterly update and revealed a 5% increase in uranium production to 1.29Mlb. This was achieved with a cost of production of US$40.3 per pound and an average realised price of US$68.3 per pound. Looking ahead, management has lifted its FY 2026 Langer Heinrich Mine production guidance to 4.5Mlb to 4.8Mlb. Previously it was guiding to 4.0Mlb to 4.4Mlb. It seems that broad market weakness is overshadowing this news.
The post Why Bank of Queensland, Cochlear, Northern Star, and Paladin Energy shares are falling today appeared first on The Motley Fool Australia.
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More reading
- Why Northern Star, DroneShield and BHP shares are making waves on Wednesday
- Why this ASX bank stock is tumbling today after earnings
- Paladin shares are falling again. Here’s what investors might be overlooking
- Why are Northern Star shares sinking today?
- Why are Cochlear shares down 36% today?
Motley Fool contributor James Mickleboro has positions in Cochlear. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear. The Motley Fool Australia has recommended Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.