Earnings Wrap on Thursday: 16 shares you should have been watching

The SKT share price was slammed today, but the QAN share price rose strongly

a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Sky Network Television Ltd (ASX: SKT) share price was hit hard today after the NZ competition regulator rejected its proposed merger with Vodafone's New Zealand unit, according to CNBC. The SKT share price fell 12.4%.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.4% to 5784 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.3% to 5832 points
  • AUD/USD at US 76.83 cents
  • Iron Ore at US$94.30 a tonne, according to the Metal Bulletin
  • Gold at US$1,236.66 an ounce
  • Brent oil at US$56.34 a barrel

Unfortunately, Sky TV wasn't the only company that was hit hard today. The Flight Centre Travel Group Ltd (ASX: FLT) share price also fell 1.5% while the Ramsay Health Care Limited (ASX: RHC) share price declined 3.2%.

Flight Centre downgraded its guidance for underlying profit before tax and reported a 36.2% decline in net profit after tax. Meanwhile, Ramsay Health Care's growth was reasonable although its shares may have been impacted by the news that its long-serving CEO will retire in 2017.

The Ardent Leisure Group (ASX: AAD) share price was slammed 21.8% as well when it revealed the tragedy that occurred at its Dreamworld theme park last year had impacted its business by a total of $95.2 million.

Meanwhile, the iron ore miners have come under pressure following Chinese forecasts that the iron ore price could slip from its current level.

The BHP Billiton Limited (ASX: BHP) share price fell 2.7%, Fortescue Metals Group Limited (ASX: FMG) closed 2.6% lower and the Rio Tinto Limited (ASX: RIO) share price was dumped 5.5%.

Other businesses that fell sharply today included iSentia Group Ltd (ASX: ISD), down 7.5%, along with South32 Ltd (ASX: S32) and Nanosonics Ltd. (ASX: NAN), which fell 3.9% and 5.6% respectively.

On a brighter note, the Touchcorp Ltd (ASX: TCH) share price rocketed 25.7% higher after it announced a merger proposal with Afterpay Holdings Ltd (ASX: AFY). The Afterpay share price, on the other hand, declined 4.9%.

The Estia Health Ltd (ASX: EHE) share price soared 14% while Crown Resorts Ltd (ASX: CWN) and InvoCare Limited (ASX: IVC) rose 7.9% and 8.4%, respectively.

Qantas Airways Limited (ASX: QAN) shares also rose 5.4% for the day.

Here are Thursday's top stories:

  1. Top brokers name 3 ASX shares to buy today
  2. Flight Centre Travel Group Ltd share price plunges as profit falls 36%
  3. Why the Crown Resorts Ltd share price went nuts on today's results
Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of Nanosonics Limited and TOUCHCORP FPO. 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »