Login ID:
Partner Login
Contact Us : 7066511911

Macquarie: Aussie Earnings Didn't Shoot Lights Out -- Market Talk

6 Mar 2017 12:23 am

0023 GMT - While Credit Suisse last week crowed about the strongest earnings season in 7 years for Australia, Macquarie calls it solid but far from spectacular. The investment bank, which says earnings improved at a slower rate than anticipated, did come as profit beats outweighed misses while there were few signs of deterioration in earnings quality. But Macquarie also flags significant cuts to projected FY profit growth among industrials due to some hefty 1H misses. That as few new cost-cutting initiatives were announced. (robb.stewart@wsj.com; @RobbMStewart)

(END) Dow Jones Newswires

March 05, 2017 19:23 ET (00:23 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Top 5 Special Reports
Weekly: Urad-Chana Post Strong Gains, While Masoor-Whi...
USD/INR (Jan ‘21) – Weak Price Trend / Next Target at 7...