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Latest news: Earnings

Xero shares sink to 15-month low despite revenue growth

Xero shares sink to 15-month low despite revenue growth

New Zealand-based cloud accounting software company Xero has grown revenue by 20 per cent and delivered $278 million in free cash flow.

CommBank shares drop despite $2.6b quarterly profit

CommBank shares drop despite $2.6b quarterly profit

CommBank shares drop despite $2.6b quarterly profit

CommBank shares drop despite $2.6b quarterly profit

Australia's biggest company has posted its financial results for the quarter, but despite improving on most metrics, it still looks too dear to most investors.

Westpac admits dropping ball on state bank customers

Westpac admits dropping ball on state bank customers

Westpac admits dropping ball on state bank customers

Westpac admits dropping ball on state bank customers

Overpriced mortgage products at its state-specific subsidiaries have contributed to Westpac losing market share, despite solid growth in customer deposits.

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Workers threatened with weapons as retail crime spikes

Workers threatened with weapons as retail crime spikes

Retail crime is worsening with a drastic number of Bunnings and Kmart workers threatened with violence every month, parent company Wesfarmers says.

Coles puts heat on Woolworths with strong sales growth

Coles puts heat on Woolworths with strong sales growth

Supermarket giant Coles continues to take market share from key rival Woolworths, posting stronger quarterly sales growth than its bigger competitor.

'Eye off the ball': Woolies lays blame for limp results

'Eye off the ball': Woolies lays blame for limp results

A string of "distractions" are the reason why Woolworths failed to deliver for shareholders, the company's leaders say.

Auto parts dealer Bapcor's shares slump to decade low

Auto parts dealer Bapcor's shares slump to decade low

Bapcor says it's identified "historic poor operational practices" in its trade division that will result in a $12 million hit to its bottom line.

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Lovisa CEO denies misconduct allegations at Smiggle

Lovisa CEO denies misconduct allegations at Smiggle

Lovisa CEO denies misconduct allegations at Smiggle

Lovisa CEO denies misconduct allegations at Smiggle

Billionaire businessman Solomon Lew has made sensational allegations against the fired CEO of his back-to-school chain Smiggle, who is now the boss of Lovisa.

Kathmandu, Rip Curl owner slumps to huge full-year loss

Kathmandu, Rip Curl owner slumps to huge full-year loss

Kathmandu, Rip Curl owner slumps to huge full-year loss

Kathmandu, Rip Curl owner slumps to huge full-year loss

The owner of Kathmandu, Rip Curl and Oboz footwear, KMD Brands has posted a statutory loss of $105 million - its worst result in at least a decade.

Myer's troubled robotic warehouse costing it dearly

Myer's troubled robotic warehouse costing it dearly

Myer's troubled robotic warehouse costing it dearly

Myer's troubled robotic warehouse costing it dearly

Myer shareholders won't see a final dividend after its full-year profit took a 30 per cent hit, driven by costly issues with a robotic warehouse.

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Uncertainty continues to swirl around Star Entertainment Group's future after the struggling casino operator posted another significant full-year loss.

Rising property values help boost Harvey Norman profit

Rising property values help boost Harvey Norman profit

Rising property values help boost Harvey Norman profit

Rising property values help boost Harvey Norman profit

Harvey Norman says its profit after tax has risen 47 per cent to $518 million, and its total assets have topped $8 billion for the first time.

Shoppers check out of Woolies as Coles registers gains

Shoppers check out of Woolies as Coles registers gains

Shoppers check out of Woolies as Coles registers gains

Shoppers check out of Woolies as Coles registers gains

Shoppers are switching supermarket brands with Woolworths losing sales to arch-rival Coles as the giant chains post contrasting financial results.

Chemist Warehouse owner says merger paying dividends

Chemist Warehouse owner says merger paying dividends

Chemist Warehouse owner says merger paying dividends

Chemist Warehouse owner says merger paying dividends

Sigma Healthcare has lifted its cost-savings target from its February merger with Chemist Warehouse, saying it now expects to save $100 million a year.

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Iron ore giant's profit falls, green energy vow stays

One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.

BWS owner cuts dividend as Aussies avoid booze splurge

Dan Murphy's and BWS owner Endeavour Group blames subdued sales on cost-of-living pressures as its high-profile new CEO prepares to take over.

Goodman posts $2.3b profit amid data centre expansion

Australia's biggest property and development companies are riding an upswing in property values, but two words are piquing investors' interest above all else.

Coal prices weigh on Whitehaven as profit slides

A major Australian coal producer has reported better-than-expected production from its new mines, but price pressures cut into its full-year result.

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Supercheap Auto owner hits record $4.1b sales

There are signs of a consumer recovery in a major Australian retailer's annual results, which showed a strong uptick in second-half sales.

Nimble Breville gets the drop on US tariffs

Home appliance manufacturer Breville has posted a double-digit profit boost, as it positions for growth in a rapidly evolving trade environment.

James Hardie shares tank after sales nosedive

Demand challenges in Australia and soft new home building activity in the US has weighed on a building materials giant's bottom line, prompting a sell-off.

BHP mulls mothballing coal mines over royalty regime

BHP has delivered record production across several metal groups, but sluggish commodity prices and one state's royalty regime have chiselled away at earnings.

Biotech giant to slash 3000 jobs, spin-off vaccine arm

Pharmaceutical giant CSL has announced a major shake-up for its vaccination arm and for jobs as the company aims to cut costs.

Steel boss complains about local gas market 'madness'

Australia must stop prioritising gas exports over domestic supply and introduce a permanent reserve and price mechanism for gas, a big steelmaker says.

Australian shares notch new high as financials rebound

The local bourse continues to chip away at record highs, as strong earnings and cheaper borrowing costs buoy investor sentiment.

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