Business
ASX to dip, earnings season accelerates – The Sydney Morning Herald
The ASX 200 has dropped nearly 50 points at the open to around 6075 points. Healthcare and consumer discretionary sectors are higher, while banks and info tech are dragging.
Net profit dropped 42 per cent to $30.9 million as it sacrificed earnings to hit its subscriber target of more than 50,000 users for 2020.
RBC analysts said the EBITDA beat would be welcomed by the market but noted the increase in accounts receivable as customers terms were extended during the pandemic. RBC also said 2020-21 guidance range is lower than market consensus with mid points for sales expectations about 6 per cent below the market and EBITDA guidance from 2 per cent to 7 per cent bel…
-
Noosa News22 hours agoLord Howe Island detection dog Sebbi retires to Brisbane after years of ‘hard work’
-
Business20 hours agoTop brokers name 3 ASX shares to buy next week 14 September 2025
-
Noosa News22 hours agoWorld-famous bee sanctuary on Kangaroo Island under threat from Varroa mite
-
Business22 hours agoBy 2026, the CSL share price could turn $5,000 into…