Aussie Stocks Milestone Hangs in Balance as Covid Damps Outlook
- About 65% of companies have met or exceeded profit forecasts
- ASX 200 may post its longest monthly winning streak on record
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A milestone for Australian stocks hangs in the balance as investors weigh better-than-expected corporate earnings results against a resurgence in Covid-19 concerns.
Of the 78 companies that have reported full-year results this month, 65% have met or exceeded earnings estimates, according to data compiled by Bloomberg. That’s three percentage points higher than for the same period last year.