At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on form again and pushing higher. The benchmark index is currently up 0.65% to 7,332.7 points.
Here’s what is happening on the ASX 200 today:
Telstra’s half year results
The Telstra Corporation Ltd (ASX: TLS) share price is sliding today despite delivering underlying earnings growth during the first half. Telstra posted a 4.4% decline in revenue to $10.5 billion but a 5.1% increase in underlying EBITDA to $3.5 billion. The latter was supported by growth in the key mobile business and a 6.7% reduction in operating expenses to $7.4 billion. Telstra maintained its interim dividend at 8 cents per share.
Wesfarmers half year update
The Wesfarmers Ltd (ASX: WES) share price is sinking today after its half year results disappointed. The conglomerate reported broadly flat revenue but a 14.2% decline in net profit after tax to $1.2 billion. This reflects the loss of ~34,000 store trading days due to closures during COVID-19 outbreaks.
Woodside triples its profits in FY 2021
The Woodside Petroleum Limited (ASX: WPL) share price hit a 52-week high this morning after more than tripling its profits in FY 2021. Thanks to a modest increase in sales volumes and a surge in realised prices per barrel, Woodside reported a 93% increase in operating revenue to US$6,962 million and a 262% jump in underlying net profit after tax to US$1,620 million.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Thursday has been the NRW Holdings Limited (ASX: NWH) share price with an 11% gain. This morning it reported a 26% increase in first half operating earnings. The worst performer has been the Wesfarmers share price with a 6% decline following its half year update.
The post ASX 200 (ASX:XJO) midday update: Telstra, Wesfarmers, and Woodside report appeared first on The Motley Fool Australia.
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More reading
- Woodside (ASX:WPL) share price hits 52-week high after tripling full year earnings
- Wesfarmers (ASX:WES) share price on watch after ‘most disrupted period’ since COVID onset
- Hold the phone! Telstra (ASX:TLS) delivers solid underlying growth and declares 8cps dividend
- 2 ASX dividend shares that could provide steady passive income
- Is BHP (ASX:BHP) the best ASX dividend share?
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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