Communication services stocks climbed past 1.8% at midday Thursday, as heavyweight Telstra (ASX:TLS) reported strong results for the fiscal first half.
Telstra reported that its earnings per diluted share in the fiscal first half rose to AU$0.089 from AU$0.083 per diluted share a year earlier. Total income for the six months ended Dec. 31, 2024, was AU$11.82 billion, up from AU$11.72 billion in the same period a year earlier.
On the flip side, the real estate sector struggled, shedding more than 2.8%. Expectations for another interest rate cut in Australia fell after data showed that Australia's seasonally adjusted unemployment rate rose to 4.1% in January, from 4% in the prior month.
Charter Hall Group (ASX:CHC) reported fiscal half-year diluted earnings per stapled security of AU$0.127, compared with a loss of AU$0.394 per stapled security a year earlier. Revenue for the six months ended Dec. 31, 2024, was AU$283.6 million, down from AU$308.2 million a year earlier.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.