Reported about 2 months ago
Macquarie analysts reported that the Australian earnings season has produced unexpected positive results, driven by improved margins for many companies. Despite this, they warn that trends suggest the momentum could decline as the season progresses, especially with critical reports from major corporations still to come. Key players like JB Hi-Fi and Telstra have outperformed expectations, while the decline in profits for banks and Origin Energy poses concerns for investors.
Source: YAHOO