The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to continue sliding this morning. After falling 53 points on Tuesday, the futures market is pointing to another 23-point decline today.
Here’s a quick recap:
- FTSE 100 (UK): down 0.01%
- DAX (Germany): down 0.31%
- CAC 40 (France): down 0.49%
- Dow Jones (USA): down 0.13%
- NASDAQ (USA): down 0.29%
Mesoblast limited (ASX: MSB) announced its first-quarter results and operational highlights this morning which will likely draw some attention to the business. The company managed to reduce its cash outflows from operating activities by 2.3% for the quarter (as compared to the prior corresponding period) with US$62.9 million in cash reserves as at 30 September 2017.
Paint business DuluxGroup Limited (ASX: DLX), which rose 1.2% on Tuesday, also reported its full-year results to the market this morning. Revenue from operations rose 4% during the year while profit rose 9.6%. The company also increased its final dividend by 1 cent compared to last year, to 13.5 cents per share.
Meanwhile, AusNet Services (ASX: AST) reported a 4.7% increase in its half-year revenues, to nearly $1.07 billion, while its net profit result increased 14.1% to $203.7 million.
Some of yesterday’s best- and worst-performers could also be back in the spotlight today. That includes the likes of Computershare Limited (ASX: CPU), which rose 4.9%, and Woodside Petroleum Limited (ASX: WPL), which fell 3.2%. Woodside Petroleum’s fall coincided with a major sell-down by Royal Dutch Shell.
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