Business
ASX to open slightly lower despite a big week on Wall Street – The Australian Financial Review
Australian shares are set to slip after a week of record highs in New York and as more economic data is to come during the week.
“So far only 28 per cent of results have exceeded expectations compared to a norm of around 44 per cent but at least misses have only been 27 per cent so beats have roughly matched misses. Only 33 per cent of results have seen earnings rise from a year earlier (compared to a norm of 66 per cent) and 55 per cent have cut dividends (compared to a norm of just 16 per cent).
“So far consensus earnings expectations for 2019-20 have fallen slightly to -22.3 per cent (from -21 per cent three weeks ago…
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