Earnings season no bust but a tad disappointing with a few exceptions

Sun, 03 Mar 2019

By Jenny Ruth March 4 (BusinessDesk) - The reporting season downunder was a tad disappointing with both earnings growth and outlook statements on the soft side, a sharp contrast to the United States where 69 percent of companies within the S&P 500 Index beating earnings estimates with double-digit increases. Analysts had been expecting 9.2 percent earnings growth for the year ending June for companies within the S&P/NZX 50 Index but have pared that back to 5.1 percent post the results. It was a similar story across the Tasman where ana...

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