Qantas Airways (QAN) upgraded profits to between $1.35bn and $1.45bn in a market update yesterday. The upgrade is a $150m increase from previous forecasts for the first half of 2023. The company has had a strong rebound from its COVID lows, with increased profit and revenue guidance for the first half of 2023 as travel demand continues…

Aristocrat Leisure (ALL) is a high-conviction stock for many investors. The group reported FY22 results this morning with strong revenue and profit growth that was a slight miss on estimates. The share price is down 5.5% this morning, as management failed to provide meaningful guidance with any figures and gave us the typical “expects to deliver profit…

Elders (ELD) plummeted on the release of results on November 14 (Monday). Down 22.9% on the day of the release. Henry bought it as a trade feeling the sell-off was overdone in the short term. Some bullet points: Announced the retirement of their long-time CEO next year, who has been a mainstay for the company…

Xero fell 10.9% on the back of its interim results. It is a $9.72bn company. It is the 50th biggest ASX listed company. Key Points   Half year net loss of NZ$16.1m.   No dividend. None was expected.   CEO retires after five years, new CEO appointed.   Operating revenue increased 30%.   EBITDA increased 11%.…

NAB has released its 2022 full-year results, cash earnings up 8.3%, underlying profit up 11.5%. NAB Full-year results   Cash earnings rose 8.3%   Underlying net profit rose 11.5%   Net Interest Margin (NIM) decreased by 6 basis points to 1.65% (better than Westpac)   Expenses increased 5.8%   Final dividend of 78c per share.…

Macquarie Group (ASX: MQG) reported first-half net profit of $2.305bn, ahead of consensus of $2.16bn. The group announced an interim dividend of $3.00/share, with 40% franking. Profits were up 13% on last year but down 13% on the second half of FY22. Assets under management increased 3% to $795.6bn over the first half of the year.…

PointsBet Holdings (PBH) released its first-quarter activities report this morning, with a turnover of $1.16bn vs year-ago $979.9m. The company had a great quarter of growth in the US compared to the previous year. Turnover was 50% higher vs the previous comparable period, although was down 24% on the previous quarter. The group’s biggest cost…

Rio Tinto (RIO) has reported its third-quarter production numbers, with Pilbara iron ore shipments of 82.9Mt, coming in below consensus of 83.2Mt, and 1% lower than last year. RIO lowered its full-year production guidance to the bottom end of the prior 320-335MT range, while cost guidance remained unchanged. RIO has warned of further downside risks to…

Computershare (CPU) is a business that offers corporate trust, stock transfer and employee share plan services in a number of different countries. Most of its earnings come from operations outside Australia with the US its biggest contributor.  Aside from fees for its services, CPU generates a large portion of its earnings from interest on client-owned…