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7 shares you need to watch on Thursday

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) appears set to rally this morning with the futures market pointing to a 55-point gain at the opening bell, following a positive session for international markets overnight.

Here’s a quick recap:

  • FTSE 100 (UK): up 0.64%
  • DAX (Germany): up 1.17%
  • CAC 40 (France): up 1.1%
  • Dow Jones (USA): up 1.03%
  • NASDAQ (USA): up 1.86%

Corporate earnings season is well underway now and a number of big-name companies are due to take centre stage today.

Among them are Telstra Corporation Ltd (ASX: TLS) and the market regulator itself, ASX Limited (ASX: ASX).

Telstra reported its half-year earnings results this morning, reporting revenue growth of 0.8% on the prior corresponding period although the group’s profit declined 4.9%. It also resolved to pay a fully franked interim dividend of 11 cents per share, comprising an ordinary dividend of 7.5 cents and a special dividend of 3.5 cents per share. This was consistent with the group’s revised dividend policy.

Meanwhile, the ASX reported revenue growth of 5.8% to $409 million and operating earnings (EBITDA) of $312.8 million, up 5.5%.

Suncorp Group Ltd (ASX: SUN) reported its half-year results today, as well, reporting top line growth of 2.5% but a 15.8% decline in its net profit after tax to $452 million.

Origin Energy Ltd (ASX: ORG) and Evolution Mining Ltd (ASX: EVN) reported their results too, and could thus receive some attention from investors today.

Elsewhere, it could be worth watching shares of companies such as CSL Limited (ASX: CSL) and Domino’s Pizza Enterprises Ltd. (ASX: DMP). The CSL share price rallied 5.1% on Wednesday while Domino’s dropped 6.1% off the back of their own earnings results.

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Motley Fool contributor Ryan Newman has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of ASX Limited. 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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