We're over halfway through reporting season and there have been a number of interesting results. Most of them were expected but I think a few of them were impressive to me.
Exciting results
CSL Limited (ASX: CSL)
I was very impressed by CSL's result, considering how large the healthcare giant already is. It managed to grew revenue by 13% and earnings per share (EPS) by 36% whilst still investing heavily for the future.
It's the investing for the future which I believe is impressive and speaks volumes about how good of a long-term investment it has been and will be.
CSL is trading fairly expensively now but I'd say it's the one stock in the ASX20 which deserves the high valuation.
Insurance Australia Group (ASX: IAG)
I don't generally like insurance companies as investments, but Insurance Australia Group has shown it can deliver the goods. I thought it was a particularly good result in light of how poorly Suncorp Group Ltd (ASX: SUN) did with its profit report.
Warren Buffett, or his command team, must have seen something they really liked for Berkshire Hathaway to take a stake. It has paid off with insurance profits up 30% and cash net profit after tax up 31.5%.
It's still a good-looking dividend option and could yet beat the market.
I love it when a company delivers a decent result, but it completely beats the market's expectations. Breville only grew revenue by 13.6% and underlying profit by 12.4%, yet its share price has grown by 14% over the past five days.
To me, it doesn't seem the type of company that can beat the market, yet it's more than doubled since its low in 2016 and grown by more than 2,750% since its GFC low.
Foolish takeaway
I was impressed by all three, but that doesn't mean they're all buys at today's prices. In-fact, it could be worth selling them due to how high the share prices have gone.
