The half-year reporting season has not been a normal one – not when you throw in an alarming market correction.
Usually, investors can get a picture of how their companies have performed, not just in terms of the numbers they have reported, but how the stock market reacts to those numbers. If the profit figure is better than expected, the stock can get a nice price boost, but if it does not meet expectations, look out below. The market is very unforgiving when it comes to a bad news surprise.
However, the fact that companies are reporting into a market that is highly volatile, and under downward pressure from the US market correction, has overshadowed reporting season.