Business
Why the Aristocrat Leisure (ASX:ALL) share price can go higher from here
The Aristocrat Leisure Limited (ASX: ALL) share price could be going higher from here according to one leading broker.
In afternoon trade the gaming technology company’s shares are down slightly to $34.51, but analysts at Goldman Sachs believe there’s decent upside to come for its shares.
What has been happening?
On Wednesday Aristocrat released its full year results for FY 2020 and, as expected, revealed a sizeable drop in profits because of the COVID-19 pandemic.
In case you missed it, for the 12 months ended 30 September, Aristocrat reported a 5.9% decline in operating revenue to $4,139.1 million and a 31.8% reduction in earnings before interest, tax, depreciation and amortisation (EBITDA) to $1,089.4 million.
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