Aurizon Holdings (ASX:AZJ) shares went down as much as 3.5% to A$3.57, marking their largest intraday percentage fall since July 18.

The rail freight operator’s underlying net profit after taxes for FY23 was A$367 million, down from A$525 million a year ago, falling short of consensus estimate of A$392 million.

The company anticipates that the underlying EBITDA for FY24 will be between A$1.59 billion and A$1.68 billion, showing an increase from A$1.43 billion in FY23.

The company has declared a final dividend of 8 Australian cents per share, a drop from the 10.9 cents per share.

Aurizon Holdings hit its lowest level since July 19.

Given the last close, the stock is down 0.8% this year.

Aurizon Holdings (ASX:AZJ) is a rail freight operator.