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Here are 3 earnings results that you might have missed

Friday certainly was a busy day of earnings releases. Highlights included the strong result from banking giant Australia and New Zealand Banking Group (ASX: ANZ) and a not so great result from health insurer Medibank Private Ltd (ASX: MPL).

With so many results being released, unsurprisingly several slipped under the radar. Here are three which I felt were worth a mention:

The Jumbo Interactive Ltd (ASX: JIN) share price jumped 7% to $1.78 after the OzLotteries website operator smashed its guidance and reported a 28.5% jump in half-year net profit after tax to $2.6 million. In December the company had forecast half-year revenue of $2 million. Even though revenue slid 9%, a drop in marketing and administration expenses led to a big improvement in its margins and increased profitability.

The MICHAELHLL FPO (ASX: MHJ) share price rose slightly on Friday after the jewellery retailer posted a 3.4% increase in half-year net profit after tax to $25.75 million. Although its operations in Australia and Canada performed well, the company’s U.S. stores continued to disappoint. During the half its U.S. segment saw same store sales fall 9.3%, resulting in a $1.1 million loss. I wasn’t overly impressed with the result and would suggest investors avoid Michael Hill for the time being.

The Rhipe Ltd (ASX: RHP) share price plunged 20% to 38.5 cents after the cloud channel company posted first-half EBITDA of $684,000. Investors may be doubtful that the company will deliver on its full-year underlying EBITDA guidance of $8 million. Whilst I do like Rhipe, its shares do look a little on the expensive side at the moment. Because of this investors may be able to find better value elsewhere.

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Motley Fool contributor James Mickleboro 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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