DAN BRUNSKILL: Better-than-expected earnings no future guarantee

DAN BRUNSKILL: Better-than-expected earnings no future guarantee
Dan Brunskill
Corporate earnings season was less apocalyptic than some had feared, but the pandemic is still casting an uncertain shadow over the future.The S&P/NZX 50 Index closed at a record on Friday, as the busiest week of earnings season ended. But underneath the monetary stimulus-fuelled rally, NZ's better-than-expected earnings season offered few clues for future results.“A lot hinges on how covid and lockdowns play out from here,” said Sam Trethewey, a portfolio manager at Milford Asset Management.He said while companies insulated...

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