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ANZ, BHP half-year results: Blue chip profit resurgence far from over – The Australian Financial Review
Blue chip companies led the profit season surprises this week, confirming an economic recovery that is likely just getting started.
Rio Tinto smashed dividend expectations late Wednesday, after NAB and Coles delivered results above consensus.
Thursday saw Wesfarmers deliver a profit 9.5 per cent ahead of market expectations, ANZ surprised the market with strong revenue, and CSLs net profit came in 25 per cent above consensus.
Fridays numbers from Goodman Group and Cochlear were also cheered by investors.
According to UBS equity strategist Pieter Stoltz, the ratio of companies beating profit expectations to those missing is 2.6,…
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