{"id":93336,"date":"2025-08-24T23:24:08","date_gmt":"2025-08-24T23:24:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/93336\/"},"modified":"2025-08-24T23:24:08","modified_gmt":"2025-08-24T23:24:08","slug":"asx-to-jump-at-the-open-after-powell-unleashes-buying-spree-on-wall-street","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/93336\/","title":{"rendered":"ASX to jump at the open after Powell unleashes buying spree on Wall Street"},"content":{"rendered":"<p>PLS has headlined the barrage of earnings to hit the ASX on Monday, The Western Australian miner swung a full year loss near $200 million, after the dismal price of lithium cut revenues by almost 40 per cent. Revenue came in at $769 million, down from $1.25 billion the previous year.<\/p>\n<p>Bendigo Bank has reported a full year net loss of $97.1 million, driven largely by a goodwill impairment announced to the market last week. Cash earnings fell 8.4 per cent to $514.6 million following a tough first half.<\/p>\n<p>Investigations software provider Nuix has also swung to a full year loss of $9.2 million, after the company pulled its full-year guidance in May due to higher legal costs and signing fewer multi-year customer contracts. It compares to a profit of $5 million in the prior year.<\/p>\n<p>Reece has reported a 24 per cent fall in net profit to $317 million, as weak housing markets in Australia, New Zealand, and the US weighed on demand. Earnings per share fell to 49\u00a2 from 65\u00a2.<\/p>\n<p>Adore Beauty has reported a sharp improvement in full year earnings, as the company diversified its business model and focused on higher-margin growth. The company delivered record EBITDA of $8.1 million, up 67.8 per cent on the prior year.<\/p>\n<p>NIB has delivered a 9.4 per cent lift in full-year net profit to $198.6 million, underpinned by growth in its Australian private health insurance business and improved investment returns. Revenue grew 7.8 per cent.<\/p>\n<p>Dalrymple Bay Infrastructure has forecast further cost-cutting after the Queensland export terminal delivered a 17 per cent rise in interim profit to $43.1 million. Coal exports fell to 27.6 million tonnes from 29.9 million tonnes a year earlier.<\/p>\n<p>Medical gloves and surgical gown manufacturer Ansell says it expects price increases to offset higher US tariffs as it announced a share buyback of up to $200 million. Earnings per share is forecast between US133\u00a2 to US145\u00a2 for FY26. Sales rose 23.7 per cent to $2 billion in the year to June 2025.<\/p>\n<p>Navigator Global Investments has reported a 26 per cent increase in full-year adjusted earnings to $US114 million($177 million) which is 5 per cent above guidance that was upgraded in May.<\/p>\n<p>Campervan rental group Tourism Holdings says its US business is finding it tough going and has pledged to step up cost-cutting measures to lift returns. The company swung to a full-year loss of NZ$25.8 million from a net profit of NZ$39.4 million a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"PLS has headlined the barrage of earnings to hit the ASX on Monday, The Western Australian miner swung&hellip;\n","protected":false},"author":2,"featured_media":1473,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-93336","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/93336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=93336"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/93336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/1473"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=93336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=93336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=93336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}