Markets

Here are the 5 biggest winners and losers of earnings season

Third-quarter earnings seasons is almost wrapped up, with the vast majority of S&P 500 companies have reported as of the beginning of November, according to Bank of America Merrill Lynch. Earnings results are pointing to an overall 2% bottom-line beat for quarter, BAML’s analysts wrote in note to clients on […]
Here are the 5 biggest winners and losers of earnings season
Markets

MACQUARIE: Qantas can buy back shares worth $1 billion

Qantas will have enough surplus cash to buy back $1 billion in shares over two years, boosting earnings per share by nearly a third for the year ending June 2020, Macquarie Group’s analysts said. That estimate stems from Macquarie’s base case scenario where Australia’s largest airline earmarks $1.5 billion in […]
MACQUARIE: Qantas can buy back shares worth $1 billion
Markets

BHP is set to report a surge in profits — here is what to look for

BHP Billiton, the world’s biggest miner, is set to report half year results for six months to end December and it should look good. Soaring iron ore prices coupled with cost cuts will allow the Anglo-Australian miner to boost underlying earnings sevenfold to $US3.1 billion ($4 billion). Same time last […]
BHP is set to report a surge in profits — here is what to look for
Markets

Telstra’s growth challenges explained, in 3 charts

Telstra, Australia’s largest telephone firm, posted an unexpected drop in first half profit and cut its full-year revenue guidance to the bottom end of its previously forecast mid to high single digit growth range. The company’s share price tumbled almost 5% on the news, falling below $5. The company is […]
Telstra’s growth challenges explained, in 3 charts
Markets

Deutsche Bank: It looks like Harvey Norman and JB Hi-Fi had a bumper Christmas

Retailers Harvey Norman and JB HI-FI should gain from “strong” Christmas trading with industry feedback suggesting gaming consoles, virtual reality and smartphones were in demand, while warm weather underpinned refrigeration and air conditioning sales, according to Deutsche Bank analysts. The industry insights also pointed to a competitive holiday season for […]
Deutsche Bank: It looks like Harvey Norman and JB Hi-Fi had a bumper Christmas