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Top broker gives its verdict on the Xero (ASX:XRO) share price – The Motley Fool Australia
The Xero Limited (ASX:XRO) share price is sinking 11% today following the release of its full year results. Is this a buying opportunity?
The Xero Limited(ASX: XRO) share price was a particularly poor performer on Thursday.
The cloud accounting provider’s shares finished the day a massive 13% lower at $117.39.
Why did the Xero share price crash lower?
The Xero share price came under significant pressure following the release of its full year results.
For the 12 months ended 31 March, Xero reported an 18% increase in revenue to NZ$848.8 million and a 39% jump in earnings before interest, tax, depreciation and amortisation (EBITDA)…
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