ANALYSIS: Fletcher shares jump 4.4% after poor result

Thu, 20 Feb 2020

At first glance, Fletcher Building's first-half results were awful and even worse than analysts had been expecting.But the market took heart from the company maintaining its guidance for the full-year results and from its explanations for why the second-half result should be even better than it usually is - the company's earnings tend to be weighted to the second half.Fletcher said the benefits of its work on removing costs from its Australian operations should start flowing in the second half, that it expects its steel business will rebound fr...

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