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Earnings Wrap on Friday: 11 shares you should have been watching

The Medibank Private Ltd (ASX: MPL) share price had its turn in the spotlight today. The MPL share price dropped 3.9% for the day following a rather disappointing earnings update.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.2% to 5805 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.2% to 5851 points
  • AUD/USD at US 77.1 cents
  • Iron Ore at US$90.06 a tonne, according to the Metal Bulletin
  • Gold at US$1,238.51 an ounce
  • Brent oil at US$55.74 a barrel

Medibank Private wasn’t the only company that disappointed investors today.

The Sigma Pharmaceutical Limited (ASX: SIP) share price fell 4% after it released a trading update today. Mayne Pharma Group Ltd (ASX: MYX) shares also dropped 3.5%.

Meanwhile, Ansell Limited (ASX: ANN) and Mantra Group Ltd (ASX: MTR) fell 3.3% and 5.6%, respectively, with the latter reporting a 15.9% increase in half-year revenue and a 15.1% increase in underlying net profit after tax.

On a more positive note, the SEEK Limited (ASX: SEK) share price rallied 5.7% on a potential transaction regarding its New York Stock Exchange listed subsidiary Zhaopin.

Link Administration Holdings Ltd (ASX: LNK) shares also gained 4.2% while the Computershare Ltd (ASX: CPU) share price rose another 1.3%.

The South32 Ltd (ASX: S32) share price gained 2.7% after the miner reported an 8% increase in revenue and earnings of US$479 million, up from US$26 million in the prior corresponding period.

Gold miners St Barbara Ltd (ASX: SBM) and Evolution Mining Ltd (ASX: EVN) also rose 2.2% and 1.7%, respectively.

Here are Friday’s top stories:

  1. Why the Medibank Private Ltd share price could dive today
  2. 5 of my favourite growth shares to buy today
  3. 2 growth + dividend shares I’d buy for retirement

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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