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...

More Markets

‘Good value’ for Fonterra farmer shareholders
Primary Sector

‘Good value’ for Fonterra farmer shareholders

Independent report supports Fonterra Mainland sale to Lactalis, warns on China.

Garth Bray 10:15am
Auckland Airport aims to raise up to $300 million
Markets

Auckland Airport aims to raise up to $300 million

Auckland International Airport wants to raise up to $300 million by issuing bonds.The airport said it was offering up to $150m of five-and-a-half-year fixed-rate retail bonds, with the ability to accept oversubscriptions of $50m. The airport was also considering making an offer o...