Silver linings in otherwise damp earnings season

The latest earnings season had something for everyone. (Image: BusinessDesk/Dan Brunskill)

Mon, 06 Mar 2023

Earnings season delivered a mixed bag to suit both bulls and bears with the only certainty to emerge is that the outlook remains uncertain. Courier and information management company Freightways remained a good bellwether stock for the local economy, delivering a small increase in first-half profit due to its recent Australian courier acquisition, and airing a word of caution about New Zealand’s slowing economy. That was a similar theme for local transport firm Move Logistics, which struggled with rising costs and a shortage of drive...

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