Australian earnings beat estimates for first time in 4 years

TREE NEWS reports: Nearly half of S&P/ASX 200 companies reported profit surprises, with beats outpacing misses by 1.5 times, Bloomberg data shows. The strong results pushed the benchmark index to a record high in early August before gains narrowed, closing the month up 1.1%. MST Financial’s Hasan Tevfik remains optimistic, expecting earnings to continue beating expectations.