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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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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