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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Motley Fool contributor Ryan Newman has no position in any of the 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.