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Telstra Retreats After Earnings Surge, Boosts Buyback to A$1.25B
Telstra Group shares declined 0.6% to A$5.11 Friday, giving back some of Thursday's post-earnings surge. The company expanded its share repurchase program to A$1.25 billion and tightened its full-year earnings forecast.
CSL Shares Dip Amid Buyback Activity; Eli Lilly Partnership in Focus
CSL shares retreated 0.6% on Friday, ending a two-day advance. The company reported additional buyback activity and confirmed a new licensing agreement with Eli Lilly.
Macquarie Shares Dip Following $1.25 Billion Capital Raise Amid Market Caution
Macquarie Group shares declined 1.6% to A$219.39 on Friday following a A$1.25 billion subordinated notes issuance. The broader S&P/ASX 200 edged lower by 0.05% as financials weakened amid geopolitical and liquidity worries.
BHP Shares Edge Higher on Strong Earnings, Dividend in Focus
BHP shares closed slightly higher following better-than-expected half-year earnings and a dividend declaration. Analysts are divided on the outlook amid concerns over capital expenditure and iron ore prices.
Aristocrat Leisure Shares Slide on Interactive Growth Concerns
Aristocrat Leisure shares declined sharply following its annual meeting, where management noted interactive content revenue is lagging behind targets. The stock closed near a 52-week low.
NAB Shares Hold Gains After Strong Q1; Brokers Raise Targets Amid Valuation Concerns
National Australia Bank shares held near recent highs after reporting a 15% rise in first-quarter cash earnings. While several brokers increased their price targets, Morningstar warned the stock is 'materially overvalued.'
Westpac Reaches Annual Peak as Bank Rally Sets Stage for Inflation Test
Westpac Banking Corp closed at a 52-week high of A$42.54, rising 1.6% as Australian banks outperformed the broader market. The bank reported an unaudited Q1 net profit of A$1.9 billion.
CBA Shares Climb as Rate Outlook Firms, Dividend Nears
Commonwealth Bank of Australia advanced 0.8% to close at A$179.67 on Friday, buoyed by sector strength and a firming outlook for interest rates. Investors await the bank's interim dividend payment on March 30.
Nvidia Shares Dip as Market Awaits Earnings, Meta Deal Provides Support
Nvidia shares declined 0.7% to $186.69 in Thursday trading, giving back some of Wednesday's gains. The pullback comes ahead of next week's quarterly earnings report and amid broader semiconductor sector weakness.
AMD's $75M CEO Award and Insider Sales Draw Investor Scrutiny
AMD shares gained as filings showed CFO Jean Hu sold shares under a preset plan and the board approved a $75M performance award for CEO Lisa Su, vesting only if the stock hits $600 by 2031.
Salesforce Shares Dip on Growth Concerns, AI Acquisition Ahead of Earnings
Salesforce shares declined over 1% after UBS reduced its price target, highlighting a lack of clear growth acceleration. The company also announced an acquisition to bolster its AI platform with more voice and video data.