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Australia's Telstra trims FY earnings view; first-half profit rises

(Reuters) -Australia's top telecom firm Telstra Group trimmed the upper end of its operating earnings forecast for fiscal 2024 on Thursday even as it reported an 11% jump in its first-half profit due to strong performance across its businesses. The company now expects underlying operating earnings for the year of A$8.2 billion ($5.32 billion) to A$8.3 billion, compared with the prior range of A$8.2 billion to A$8.4 billion, citing weak performance in its network applications and services (...
Shivangi Lahiri Adwitiya Srivastava Australia Telstra Group Telstra Group Anild Silva
Source: yahoo.com

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Telstra Group Limited (OTCMKTS:TLGPY) Sees Large Increase in Short Interest

Telstra Group Limited (OTCMKTS:TLGPY – Get Free Report) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 10,800 shares, a growth of 111.8% from the December 15th total of 5,100 shares. Based on an average daily volume of 34,100 shares, the short-interest ratio […]
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