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ASX ends lower despite better-than-expected results – The Australian Financial Review

Australian shares closed the week slightly lower with uncertainty from the Federal Reserve and geopolitical issues largely offset by better than expected earnings results.

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Some better-than-expected earnings helped to offset some of the losses, however, with a handful of stocks soaring after strong results.
“While its clear that company earnings and dividends have been hit hard by the coronavirus shock, the hit has not been as bad as feared and most companies appear quite resilient and this in turn has enabled a majority of companies share prices to outperform the market on the day they reported and for the market as a whole to rise so far through August,” said AM…

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