Growth Watchlist – Earnings Update Telix Phama TLX:ASX
Earnings Update Telix Phama TLX:ASX
Earnings Update Telix Phama TLX:ASX
JTrader Daily: Best set ups for Friday 21st February 2025!
BXB, RXL, CPU, EVN, A2M
The Australian sharemarket extended its sell-off on Thursday, with the S&P/ASX 200 Index dropping 1.5% to 8,297, its largest intraday decline in three weeks. A stronger-than-expected 44,000 increase in January employment tempered rate cut expectations, with odds of a May cut falling from 79% to 72%.
The company successfully deployed its extensive 400G backbone across 597 data centers, reinforcing its position as the largest 100G NaaS connectivity platform globally.
Pilbara Minerals reported a challenging half‐year where – despite record production and higher sales volumes – lower average realized prices put significant downward pressure on revenues and margins.
Market sentiment was dampened by the significant decline in the Civil Construction and Hire segment, which saw a 47% drop in EBITDA due to project delays and losses.
The softness in overall profitability (notably the decline in EBIT, net profit, and EPS) and the lower-than-expected cash conversion further contributed to the negative market response.
Fortescue Earnings Update (FMG)
Whitehaven Coal (WHC) is an Australian producer of premium-quality coal focused on development and operation of coal mines in New South Wales and Queensland.
Stocks drifted sideways overnight as the minutes from the Federal Reserve’s January meeting was uneventful, broadly confirming investor expectations for an extended pause on rate cuts.
ASX Declines as Banks Weigh on Market
The S&P/ASX 200 fell 0.7% (55.2 points) on Wednesday to 8425.80, as banking and energy stocks dragged the index lower. Seven of the 11 sectors finished in positive territory.
JTrader Daily: Best set ups for Thursday 20th February 2025!
FND, XRF, SEK, RMS, ASL