Tag: reporting

A mixed reporting season – share market hits new high before coronavirus correction | AMP Capital

The company earnings reporting season was best described as mixed, but probably better than we feared. The Australian share market hit a new record high in the middle of the reporting season before it got whacked by concerns over coronavirus. The ASX 200 reached a record close of 7,162 points on February 20 before joining Wall Street in a sell off that was fanned by fears over the effect of COVID-19 on the world economy. …

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US reporting season and the tech sector

US reporting season and the tech sector   AMP Capital chief economist Shane Oliver says revenue disappointments and slowing user growth at technology giants Facebook and Twitter is a warning that the US tech sector could at some stage underperform – or even suffer a serious correction. “What those disappointments tell us is there is a limit to the take up of social media,” he says. “At some point it will start to slow down.” …

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Predictions for reporting season

Predictions for reporting season AMP Capital’s chief economist Shane Oliver says listed Australian companies are expected to produce solid overall profit growth in the upcoming reporting season, which will continue to underpin the stock market. But the results will be mixed, with banks, telcos and retailers struggling, and Australia’s profit growth will continue to lag the stellar profit growth of US companies. Oliver says he is looking for 9 per cent overall profit growth from …

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