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

Tue, 08 Sep 2020

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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