Australian corporate earnings have been a “positive surprise” amid investor euphoria over estimate-beating margins, but historical trends suggest results could take a turn as the earnings season approaches its end, Macquarie analysts said.
Companies have posted better-than-expected margins, often supported by lower tax and interest costs, with most of them outperforming market view so far this season than in February, Macquarie said in a note.
Source: REUTER
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