ASX Slumps on ‘Disappointing’ Telstra Results

ASX slumps on ‘disappointing’ Telstra results

The Australian sharemarket has closed lower after Telstra’s disappointing earnings and profit-taking among major miners dragged the ASX 200 down 0.23 per cent.

Telstra, IAG bleed in earnings season

The S&P/ASX 200 was down 0.6% at lunchtime on Thursday in Sydney as reporting season got busy.

ASX 200 live updates: ASX ends 0.2pc down, ANZ posts profit as mortgage applications slump; IAG profit slumps; MFF profit lower while Origin surges

ASX closes down 0.2pc as CBA extends fall; ASX Ltd expenses jump; Origin posts results; Orora cuts dividend; Treasury Wines $1b loss; EQT lobs $9.4b bid for Cleanaway. Follow live.

Earnings Woes Drag Australian Sharemarket Lower

The Australian sharemarket closed a touch lower on Thursday, as a flurry of disappointing earnings results coupled with a notable sell-off in Commonwealth Bank (CBA) shares collectively dragged the local bourse into negative territory. The S&P/ASX 200 Index ultimately fell by 20.9 points, marking a 0.2 per cent decrease to finish the day at 9188.5. This final reading represented a partial recovery from earlier in the session, when the index had …

Closing Bell: ASX dips on earnings season damage as Northern Star hits back at Elliott

ASX falls 0.23% on earnings disappointments and sharp drop in CBA Utilities and tech held up, but telecoms and gold miners came under pressure Northern Star rejected Elliott’s board challenge and appointed former Jetstar finance chief Terry Bowen   The S&P/ASX 200 fell 0.23% today, weighed down by a raft of earnings season disappointments and particular weakness in Commonwealth Bank (ASX:CBA) , which fell 2.11%. The rest of the banking sector ma…