3 Stocks that Rose on Earnings Update (TWE, OZL, TLS)

Recent Stock Update

Treasury Wine Estates Limited (ASX: TWE) – The company was trading at a market price of $19.410 and has seen a daily price change of $0.830 or a percentage change of 4.5% as at August 16, 2018. The stock has seen a performance change of 48.40% over the past 12 months. The company reported FY18 net profit after tax growth of 34% at $360.3 million. The reported earnings per share is of 49.7 cents per share which is up by 36%. The final dividend is of 17 cents per share which is fully franked and FY18 full year dividend is of 32 cents per share which is up by 23%. The group basically benefitted from its Asian Operations.

OZ Minerals Limited (ASX: OZL) under the metals and mining sector is an Australian based modern mining company with a focus on copper. The company was trading at a market price of $8.99 and has seen a daily price change of $0.04 or a percentage change of 0.45% as at August 16, 2018. The stock has seen a performance change of 3.59% over the past 12 months. The company has signaled that its growth projects will not compromise returns to shareholders and it will pay a sustainable dividend out of its pre-growth cash-flow.

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The miner reported an underlying profit of $133.7 million which was slightly better than the analysts had expected i.e. of $131 million for the June half year. The company also recorded a net profit after tax of $127.8 million which was 59% higher than the $80.6 million recorded in corresponding period of last year. This improvement was primarily driven by an 18 percent rise during the six months to June 30 in received copper prices. There were incremental gains in terms of production for OZL.

Telstra Corporation Limited (ASX: TLS)  – The company was trading at a market price of $3.06 and has seen a daily price change of $0.17 or a percentage change of 5.88% as at August 16, 2018. The stock has seen a performance change of -31.15% over the past 12 months. Due to the shrinking margins on the National Broadband Network and intense mobile competition, the giant telecom player’s earnings after its full year profits slipped.

Compared with nearly $3.9 billion in the previous year, Telstra reported net profit of $3.5 billion for FY18, which is 8.9 per cent lower. The company’s fixed EBITDA dropped 34.6 percent, while Telstra quoted that the income in the current financial year will be in between $26.5 billion and $28.4 billion and EBITDA is expected between $8.8 billion and $9.5 billion.

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