ASX ends lower on mixed earnings session
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The news: The Australian sharemarket ended lower after a mixed earnings results and an underwhelming session on Wall Street.
The numbers: The benchmark ASX 200 fell 0.17% to end at 8,071.2, with seven out of 11 sectors ending in red.
The worst performing sector was IT, down 1.33%, followed by financials (-0.86%).
Johns Lyng was the worst performer across the ASX 200 as it plummeted 26.39% after the building services provider reported softer-than-expected full-year results.
Similarly, Lovisa plunged 11.96% after the jewellery retailer posted an update on its first-half that was lower than consensus forecasts.
DroneShield shares tumbled 8.63% after its first-half loss widened but its revenue doubled on rising sales.
SG Fleet pared back earlier gains to fall 6.06% despite the company reporting a rise in full-year profit and declared a special dividend.
Zip fell 8.37% despite the buy now pay later lender reporting a turnaround in its underlying profit.
McMillan Shakespeare tumbled 3.44% as a slowdown in order growth disappointed investors.
Meanwhile, Siteminder ended 1.15% lower after it narrowed its net loss in the 2024 financial year.
The best performing sector was energy, up 2.34%, followed by materials (0.8%). Strike Energy was the best performing stock across the ASX 200, up 19.7%, after reporting "positive observations" during a drilling campaign at its Erregulla well in Western Australia.
Woodside shares gained 4.17% despite reporting a 14% fall in underlying after tax profit amid a weaker LNG price environment.
Nanosonics rocketed 22.96% after it met revenue guidance but posted a drop in full-year profit.
The Government announced that it would cap international students at 270,000, leading IDP Education shares to soar 5.39% as the impact would not be as bad as feared.
Worley gained 3.05% after its full-year result fell short of analysts forecasts.
Guzman y Gomez shares rose 2.54% after beating its full-year guidance in its first results since it floated on the ASX.
Coles shares climbed 1.9% after the supermarket group beat full-year profit estimates.
BHP pared back early gains but was still up 1.52% at close after reporting a better-than-expected full-year underlying profit.
Elsewhere, Neuren rose 1.41% as royalties income surged in FY24 on US sales of its Rett syndrome treatment Daybue.
Telix Pharmaceuticals edged 0.45% higher as it announced new leadership appointments as part of an "internal reorganisation" of its business model.
The Australian dollar is buying 67.88 US cents.
The context: Wednesday will see the Australian Bureau of Statistics release the latest CPI figures.
Earnings season continues with APA Group, Fortescue, Karoon, Nine, Tabcorp, Woolworths, Adairs reporting on Wednesday.
