Profits up, guidance nup 🙅

Wall Street’s lead guided the ASX200 higher with market holding onto its early gains to close 0.45% higher at 7064. Earnings season is well and truly underway now, with some heavy hitters handing down results. JB Hi-Fi delivered a solid set of full year numbers but skipped on guidance, so the stock cut 1% for the session. Meanwhile, Bendigo and Adelaide Bank reported and warned of slowing loan growth, with investors pushing its shares nearly 9% lower for the day. BlueScope Steel didn’t quite live up to expectations. But the numbers were very strong and the company painted a picture of strong steel demand going forward. Its shares jumped 3.9%. Beach Energy was also punished despite reporting roaring revenues after delivering a disappointing dividend. Carsales shares gained 5.8% after posting profits at the top end of its guidance. Tomorrow, BHP is the big one. Challenge, Life 360 and Seek are also on the docket. Our top three VODs:Why this investor remains sceptical of the rally in equitiesEyes on earnings: three smalls to watch Capital independent companies don't fear rate hikes Hosted on Acast. See acast.com/privacy for more information.