Australia’s telco businesses could take centre stage again today after the Telstra Corporation Ltd (ASX: TLS) share price was slammed on Thursday. The TLS share price fell a total of 6.6% for the day.
Elsewhere, the futures market is pointing to a relatively flat opening for the ASX 200 this morning with more companies reporting their latest earnings results.
Here’s a quick recap:
- FTSE 100 (UK): down 0.34%
- DAX (Germany): down 0.31%
- CAC 40 (France): down 0.52%
- Dow Jones (USA): up 0.04%
- NASDAQ (USA): down 0.08%
The Australia and New Zealand Banking Group (ASX: ANZ) share price will be in focus after it reported a 4% increase in adjusted pro forma revenue and a 20% increase in adjusted pro forma cash profit.
Auckland International Airport Ltd (ASX: AIA) delivered a 10.8% increase in revenue as well with its underlying profit up 18.6% on the prior corresponding period. It announced an interim dividend of 10 cents per share.
Coal miner Whitehaven Coal Ltd (ASX: WHC) reported its first-half results this morning, too. Revenue increased 43% while its net profit skyrocketed 1,910%.
The market regulator, ASX Limited (ASX: ASX), increased its own revenue by a mere 2.2% with profits rising 3%.
Meanwhile, Baby Bunting Group Ltd (ASX: BBN) reported an 18.1% increase in sales, with comparable store sales (that is, excluding the impact of new stores opened) of 8.2%. However, its gross margin did experience a small decline.
Medibank Private Ltd (ASX: MPL) also saw its gross margin fall during the first half, from 17.2% to 16.9%, while it increased its net profit by 1.9%.
Before getting started on your day, be sure to check out these two articles:
- Why the Commonwealth Bank of Australia share price is near a 52-week high
- Here’s Why I Should Sell My Telstra Shares
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