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ASX shares of Light & Wonder extend losses on results, Jarden slims PT

ReutersAug 8, 2025 4:19 AM

** ASX shares of Light & Wonder LNW.AX LNW.O fall as much as 10.8% to A$119.310, their lowest level since January 16, 2024

** Shares plunged on Thursday following Q2 results, on track for worst week since April

** U.S.-based gaming co on Thursday logs Q2 revenue of $809 mln, missing analysts' estimate of ~$857 mln, per data compiled by LSEG

** Jarden cuts price target to A$183.00 from A$188.00, maintains "Buy"

** Brokerage cuts earnings forecasts for FY25 to reflect 'uncertain economic times', and co's preference for future growth

** However, retains "Buy", believes co's long term fundamentals remain sound

** 14 analysts rated 'buy' on avg; median PT is A$183.00, as per LSEG-compiled data

** YTD, shares down 11.9%

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