ASX earnings season is topping expectations

As some of you more avid readers of the Fool (or just followers of the ASX share market) might have realised by now, ASX earnings season is in full swing. We have now heard from many of the ASX’s biggest companies like Commonwealth Bank of Australia (ASX: CBA) and Telstra Corporation Ltd (ASX: TLS) as to how they fared over the second half of 2020 (or similar).

Today, reporting has ramped up further still. We’ve heard from JB Hi-Fi Limited (ASX: JBH), Altium Limited (ASX: ALU) and Seven West Media Ltd (ASX: SWM) this morning.

So how have these earnings reports been received so far? Well, according to one broker, very pleasingly.

According to a report in the Australian Financial Review (AFR) today, broker Morgan Stanley has…