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1.Market Observations, 8.Was Sticky

6 Mar 2017 (AFR) – Profit season shows corporate Australia cautiously revving up

(6 March 2017, AFR, p21, by Julian Beaumont)

‘February’s half-year reporting season refocused the market from a Trump-obsessed macro world to what’s happening on the ground in Australian corporate land. In aggregate, the market is seeing very strong earnings growth, with expectations of 18 per cent growth this financial year. Admittedly, this largely owes itself to the recovery in resource earnings.’ <snipped…>

‘Overall, the reporting season was modestly positive and slightly better than expectations. There was of course the usual mix of good, bad and indifferent. Interestingly, these came from all corners of the market.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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