SEEK (SEK) results come in below consensus but are in line with our estimates

SEEK (SEK) results come in below consensus but are in line with our estimates. Outlook: Re-affirmed November AGM guidance, Expect solid growth in Rev & EBITDA from both organic growth & consolidation of JobStreet's financials. For SEEK Group, expect underlying NPAT in H2 FY15 to be moderately greater than H1 FY15. Today's share price reaction: Down 6.8% at $17.45 (10.25 am). Recommendation: Sell rating likely to be retained. (SEK is trading above fair value in our analyst's view given potentially subdued earnings growth profile (from higher operating costs and amortisation) in the coming year). Read more (VIEW LINK)