Australia's BlueScope Steel falls after bleak earnings outlook
** Shares of BlueScope Steel Ltd BSL.AX fall as much as 6.8% to A$19.120, their lowest level since early November 2023
** BSL among the top three losers in the ASX 200 benchmark index .AXJO
** BSL marks its worst intraday drop since Feb. 20, 2023
** FY24 underlying profit A$861 mln ($574.55 mln), down ~22% from A$1.10 bln a year ago, and missing VA consensus of A$915.9 mln
** For 1H25, BSL expects underlying EBIT between A$350 mln to A$420 mln, below VA consensus of A$503.7 mln, and nearly halving from 1H24's A$718.4 mln
** Declares final dividend of 30 AU cents per share; says targeting annual dividend of 60 AU cents apiece
** Citi analysts say market estimates will have to be lowered after weak results
** BSL down 12.3% this year as of last close
($1 = 1.4986 Australian dollars)
Reporting by Sameer Manekar in Bengaluru
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