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    Earnings season

    Today

    CSL boss Paul McKenzie is delivering on his five-year promise.

    ‘I want to win every time’: The Olympic-style goal driving CSL’s boss

    The company’s growth forecasts for next year are a touch weaker than the market expected. But inspired by the Games, Paul McKenzie is focused on another goal.

    • 28 mins ago
    • James Thomson
    James Hardie sells fashionable wall cladding products as buyers switch from brick and masonry walls, but overall demand across the housing construction market is soft.

    James Hardie battles weak demand in Australian reno market

    Renovators are holding off on big projects because of high building costs and economic uncertainty, but the building products maker expects an improvement in 2025.

    • 29 mins ago
    • Simon Evans
    Temple & Webster CEO Mark Coulter.

    Temple & Webster bucks retail slump, shares soar

    The online furniture retailer’s shares jumped 26 per cent after it achieved almost $500 million in sales in a soft market by winning market share.

    • 49 mins ago
    • Carrie LaFrenz
    CSL chief executive Paul McKenzie.

    CSL posts bumper profit but top-line growth to slow

    The biotech giant says margin recovery at its core blood products business will enable it to produce double-digit earnings growth for the next half a decade.

    • Michael Smith

    Yesterday

    JB Hi-Fi CEO Terry Smart.

    Jump in JB Hi-Fi sales fuels retail earnings optimism

    Investors predict better-than-expected earnings for retailers after months of soft trading.

    • Updated
    • Carrie LaFrenz
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    Knox Private Hospital in Melbourne is one of 11 Healthscope hospitals owned or co-owned by HCW.

    Private hospital woes are ‘short term’, says healthcare property fund

    Analysts say the HealthCo Healthcare & Wellness REIT could be one of the few listed property trusts to forecast earnings growth this reporting season.

    • Larry Schlesinger
    The 2024 earnings season has kicked off.

    Chanticleer’s hits and misses from day one of earnings season

    Retailer JB Hi-Fi was the standout result on day one of earnings season. Here are the key things our Chanticleer columnists noticed today.

    • James Thomson and Anthony Macdonald
    JB Hi-Fi’s stock surge reflects a classic mismatch between expectations and reality.

    JB Hi-Fi’s results weren’t great. Here’s why its shares still soared

    The retailer’s stunning share price surge shouldn’t distract investors from the pressure we’re seeing on profit margins as the economy slows.

    • Updated
    • James Thomson
    Investors and analysts are wary that Richard White’s WiseTech can deliver on the market’s bullish expectations.

    Fears the only way is down for hot tech sector in reporting season

    Nervous investors and analysts are ready to punish any ASX-listed tech company that disappoints this earnings season.

    • Tess Bennett
    Beach Energy CEO Brett Woods has had to break bad news to investors in his first full-year earnings call.

    Beach Energy shares plummet as Enterprise gas field reserves slashed

    The downgrade of the size of the gas field on Victoria’s coast has shaken the market, with analysts worried about other new projects.

    • Angela Macdonald-Smith
    Aurizon boss Andrew Harding

    Aurizon tumbles on weak earnings outlook

    The rail group’s shares slid despite a $150 million buyback and 25 per cent rise in net profit as investors took a dim view of its 2024-25 prospects.

    • Jenny Wiggins

    This Month

    The housing market looks just right to REA Group boss Owen Wilson.

    Why this $27b giant sees a Goldilocks housing market

    Demand remains strong, as are listings. That’s just about perfect for the housing market’s most important middleman.

    • James Thomson
    A Russian cargo ship unloads at an LNG terminal in Tianjin, China. Ukraine’s seizure of towns in Russia has sent the gas price soaring.

    Project blowout worries cast shadow over energy profits season

    Even oil and gas producers regarded as a relatively safe bet on earnings may yield some unpleasant surprises, analysts say. A higher global gas price may help.

    • Angela Macdonald-Smith
    NRL chief executive Andrew Abdo (left), Fox Corp chief executive Lachlan Murdoch, and ARL Commission chairman  Peter V’landys in Las Vegas.

    Foxtel on the block as News Corp confronts reality

    The publishing and broadcasting multinational says there is acquisition interest in its pay television arm after a year-long study of its assets.

    • Updated
    • Sam Buckingham-Jones
    Nick Scali CEO Anthony Scali said UK trade is expected to deteriorate further amid tough conditions and more stores get refurbished.

    ‘People have more money, but we have not seen it’: Nick Scali CEO

    The retailer has recorded a slide in sales as shoppers stay away from big-ticket purchases.

    • Updated
    • Carrie LaFrenz
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    QBE chief executive Andrew Horton says higher premiums and the opportunities to increase profits in the Australian market have driven a wave of competition from new entrants.

    QBE punished as price rises peak

    UBS analyst Scott Russell says there is a “clear slowdown” in QBE’s pricing power.

    • Lucas Baird
    Lif€360 chief executive Chris Hulls said the company expected advertising revenue to grow in the second half of 2024.

    Life360 shares hit all-time high, announces 70m users

    Market darling Life360 continued its share price rally on Friday after lifting its revenue and earnings guidance for the full year.

    • Tess Bennett
    AMP chief executive Alexis George.

    AMP cuts financial advice deal, stemming losses

    The company will partially sell that business via transactions totalling $92.4 million, while the stock lifted 13 per cent after interim profit beat consensus.

    • Hannah Wootton
    Campbell Hanan is CEO of Mirvac, one of the country’s largest office landlords and residential developers.

    Building cost rises create horror year for Mirvac

    One of the country’s largest property developers says profit margins on some big apartment projects have halved, pushing earnings significantly lower this year.

    • Updated
    • Nick Lenaghan
    Mirvac shocked investors with a profit downgrade on Thursday.

    Housing crisis rages, but there’s no money in building flats

    The property developer’s shock profit downgrade is all about its struggles to make apartment projects profitable, even as housing shortages worsen. 

    • James Thomson