S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) finished the day down 4.2 points or -0.10% at 6,059.4.
The companies deemed winners by investors after releasing their results today were:
- Breville Group Ltd (ASX:BRG) $14.09 +18.01%
- Cleanaway Waste Ltd (ASX:CWY) $2.20 +13.11%
- Navigator Global Ltd (ASX:NGI) $3.28 +10.07%
- Magellan Fin Grp Ltd (ASX:MFG) $32.09 +9.90%
- Tassal Group Limited (ASX:TGR) $4.85 +4.30%
- Goodman Group (ASX:GMG) $12.51 +4.25%
- South32 Limited (ASX:S32) $3.80 +3.54%
- Class Limited (ASX:CL1) $1.53 +2.34%
- Woodside Petroleum (ASX:WPL) $35.53 +1.92%
- ASX Limited (ASX:ASX) $69.06 +0.99%
- Treasury Wine Estates (ASX:TWE) $16.90 +0.60%
The following companies failed to appease investors:
- Integrated Research (ASX:IRI) 2.62 -0.76%
- Newcrest Mining (ASX:NCM) 24.98 -1.38%
- Telstra Corporation. (ASX:TLS) 3.14 -2.18%
- IPH Limited (ASX:IPH) 5.80 -4.61%
- AMP Limited (ASX:AMP) 2.25 -7.79%
- Unibailrodawestfield (ASX:URW) 11.25 -8.39%
The following companies reported results today, which had a muted effect due to Healthscope being subject to a takeover offer and Super Retail having pre-announced their result earlier in the week.
- Super Retail Group Ltd (ASX:SUL) $7.69 +0.26%
- Healthscope Limited (ASX:HSO) $2.48 +0.00%
Research analysts to have the final say, TWE & ASX in the spotlight
While the market is very efficient at processing information like financial results, the first day's share price action isn't always correct.
The final say is usually in the hands of the research analysts, who will be updating their models and writing their reports today and into the night.
Although both TWE and ASX finished modestly higher, they both spent large parts of the trading session today in the red suggesting there are mixed opinions in the market.
1.15pm: AMP slammed, MFG flying, ASX & TWE recover early losses
Embattled financial services firm AMP Limited continues to lick its wounds from the Royal Commission being down 7% at $2.26 while fund manager Magellan is up 9% to $31.90.
Treasury Wine and ASX Limited however proved opening traders wrong and have been able to get back their early share price losses.
Treasury opened down nearly 5% and swung to be up 4% just before midday but has since come back to trading flat.
Investors crucified Treasury early for cash flow metrics being less than expected however the company has been able to calm fears seemingly, possibly through the 11.00am conference call.
ASX Limited opened down over 3% at around $66.20 but over the day has grinded back to be up nearly 1% at $69.00.
[VIDEO] Mid Session: It has been a choppy start to Thursday trade with the ASX 200 edging higher by 8 points to 6071 towards lunch. It has been a big day on the reporting front with a host of companies announcing half or full year results. https://t.co/WD0PJEercE #ausbiz
— CommSec (@CommSec) February 14, 2019
Pre-market: Reporting Season: busy day ahead AMP, ASX, MFG, SUN, TLS, WPL
Results from some of the ASX's biggest companies (including the ASX itself) have been released and investors and analysts are busy crunching numbers to decide if they have met expectations.
Earnings growth of 20% will see a share price slammed if the market expected 25%, but the opposite applies if expectations are surpassed.
Nominal numbers mean nearly nothing in earnings season in comparison to expectations.
Some of the larger companies to be judged today on their December results include financial services company AMP Limited (ASX:AMP), ASX Limited (ASX:ASX), winemaker Treasury Wine Estates Ltd (ASX:TWE), bank and insurer Suncorp Group Ltd (ASX:SUN), Telstra Ltd (ASX:TLS), listed fund manager Magellan Financial Group Ltd (ASX:MFG), and Woodside Petroleum Ltd (ASX:WPL).
Morning Report 14 Feb 19 : US stocks advance on trade optimism pic.twitter.com/nn3nGjihYl
— CommSec (@CommSec) February 13, 2019