Earnings reports – the good, the bad and the very good

Financial journalist and commentator on 3AW and Sky Business
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Key points

  • 57% of companies that have reported so far have beaten expectations against a “norm” of 45%.
  • 68% of those companies have lifted profits on a year ago, and 62% have increased their dividends.
  • BHP, Ramsay Health Care and Woolworths will all report this week.

 

With the interim (half-year) profit-reporting season heading into its final week, results have continued to come in better than expected. Resources stocks and the companies that work for them – the mining services companies – have generally had a tough reporting season, but the banks and many industrial companies have shown solid profitability, and welcome largesse in terms of dividends.

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