Expectations collide with reality on day four of earnings season
The good times cannot last forever at Origin Energy and Cochlear, while Goodman Group feeds the ducks like only it can, and Telstra’s Vicki Brady talks up recent cost cuts.
The big result | The big story at Origin Energy on Thursday was the savage reaction to weaker than expected earnings guidance, which saw the stock dive 10 per cent.
This was a classic case of heightened expectations colliding with reality. The energy giant’s 2024 profit leapt from $747 million to $1.2 billion, but the market was looking for $1.3 billion.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
