Telstra Profit Dives 40% Amid NBN Battle
Telstra has reported a 40% year-on-year slump in full-year net profit, as it continues to grapple with heavy National Broadband Network costs... Read More
Citi Analysts Expect JB Hi-Fi Upgrade
Analysts from Citi reportedly expect upgrades on JB Hi-Fi following record FY19 results, despite a broader Australian retail slump. Reported by The Australian, Citi... Read More
New Foxtel Streaming Service Tipped, Kayo Passes 330K
Rumours of a new Foxtel streaming service for entertainment and drama content have been further strengthened by another News Corp cash injection... Read More
JB Hi-Fi Record Sales Defy Oz Retail Slump
JB Hi-Fi has defied Australia’s retail slump by reporting “record sales and earnings” – notching a 6.1% EBIT jump, plus 7.1% lift... Read More
Fitbit Tipped To Launch Apple Watch Dupe With Alexa
Fitbit’s next-gen Versa smartwatch is tipped to feature an OLED screen with Amazon Alexa smarts, in a body closely resembling the market-leading... Read More
Panasonic Q1 Profit Down 43% YoY
Japanese electronics manufacturer, Panasonic, has post a whopping 43.6% drop in operating profit for the April to June quarter, blaming strained US... Read More
Fitbit Shares Dive 21% After Q3 Guidance Cut
Shares in Fitbit dived as much as 21% in after hours trading, following a Q3 guidance cut, and lower-than-expected Versa Lite sales.... Read More
Huawei H1 Revenue Up 23% Despite US Ban
Chinese telco giant, Huawei, has post a notable 23% year-on-year lift in half-year revenue, seemingly undeterred by bans from international governments, and... Read More
Samsung Q2 Profit Tumbles 56% YoY
Samsung Electronics has fared a significant a 55.6% year-on-year drop in Q2 operating profit, citing falling memory chip prices. It’s the second... Read More
Vodafone Stay Committed To Merger As Losses Soar
Joint venture mobile network Vodafone Hutchison Australia has reported a before tax loss of more than $150 million for the first half... Read More