NZ earnings season meets expectations, outlook for 2014, 2015 pulled back, First NZ says

Mon, 02 Sep 2013

By Tina Morrison Sept. 3 (BusinessDesk) – New Zealand’s 2013 earnings season met expectations with most companies posting results in line with estimates, although future growth assumptions have been pulled back for the coming two years, brokerage First NZ Capital says. Sixty percent of the 25 listed companies which First NZ monitors reported earnings per share growth in line with analyst expectations, the brokerage said in a note published today. Some 28 percent of companies exceeded expectations, largely because of bigger gains from cost cut...

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