Reporting season – a mixed bag

By Justin Still
Updated August 22 2017 - 10:07am, first published 8:05am

Across our universe of research coverage, 94 out of 250 companies of interest have now reported or guided to their August financial results. The average price reaction of -0.5 per cent reflects the average earnings revision of -1.0pc. While there have been some notable disappointing results from well known companies, we don't see this as a signal that the improving earnings trends this year are going to reverse. Rather, we think it's more likely that expectations have been re-based. 

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