Earnings season a ‘mixed bag’ but analysts see the end of the tunnel

Earnings season a ‘mixed bag’ but analysts see the end of the tunnel
The NZX 50 finished earnings season where it started. (Image: Greg Bowker)
Gregor Thompson
Earnings season has come and gone without fireworks, as a mix of solid but unspectacular results left investors fixed on the horizon.Of the 36 selected large- and mid-cap companies that reported earnings or announced material updates, 22 have improved their share prices since. Matt Goodson, the managing director of Salt Funds Management, described the busiest time of the year as a “mixed bag”.  “It could have been worse, given the economy. In some ways, it’s almost a slight relief that we've made it through...

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