The ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful again this week. Here are four big stories you may have missed that affected businesses in the ASX 200 index:
Growth shares report, get even more expensive
The results came thick and fast this week. A few of the most popular shares reported their results which included impressive growth, as usual.
The Altium Limited (ASX: ALU) share price rose in reaction to its result. The WiseTech Global Ltd (ASX: WTC) share price also increased in response to its report. Amazingly, the Pro Medicus Limited (ASX: PME) share price has also gone up some more again due to its results.
A2 Milk Company Ltd (ASX: A2M) share price drops
The A2 Milk share price fell 15% by the end of the weekend after the dairy business reported its result.
Investors punished the business even though its revenue grew by 41.4% and net profit increased by 47%. Expectations seem to be even more important than the result itself during reporting season.
Management are still predicting good global growth, just at a lower profit margin and not in the UK, for now.
Resources peaked?
Resources giant BHP Group Ltd (ASX: BHP) reported its result, which wasn't quite as good as investors were expecting.
The ongoing trade war, combined with Vale ramping up its iron ore production again, could lead to a weaker resources environment for BHP and its mining peers in the shorter-term.
Coles Group Limited (ASX: COL) special report
The market reacted positively to the numbers reported by Coles which included decent same store sales growth and profit growth for the supermarket division.
But, perhaps the most exciting part of the result was the announcement of a special dividend of 11.5 cents per share. Boosting shareholder returns early on in its separate listed life is a good way to keep investors happy.
