Global investors were bracing for a rough earnings season, but most companies have so far surpassed much-lowered analyst expectations.<\/p>\n
Refinitiv data showed that about 60 per cent of the biggest European listed companies have, so far, beaten dramatically lowered estimates.<\/p>\n
On Wall Street, about 82 per cent of S&P 500 companies reporting so far have beaten estimates.<\/p>\n
Meanwhile, the Australian reporting season continues today with large cap rail company Aurizon Holdings and real estate giant GPT Group both of which nudged higher in early trade.<\/p>\n
The ASX more generally is in positive territory, with the benchmark ASX 200 Index up 0.85 per cent to 6,055 points by 11:30am AEST.<\/p>\n<\/p>\n
Here are the best performing ASX small cap stocks at 12pm Monday August 10:<\/p>\n
Swipe or scroll to reveal the full table. Click headings to sort.<\/p>\n<\/p>\n
Biotech Emerald Clinics (ASX:EMD) jumped +70 per cent after signing a contract with the UK arm of pot giant Canopy Growth.<\/p>\n
Secos Group (ASX:SES) locked in a significant supply contract for its compostable pet waste bags with a leading US pet supply company.<\/p>\n
The stock was up +25 per cent in morning trade.<\/p>\n
And quantum computing stock Archer Materials (ASX:AXE) is progressing through milestones as it aims to build a room-temperature quantum computing qubit processor.<\/p>\n<\/p>\n
Here are the worst performing ASX small cap stocks at 12pm Monday August 10:<\/p>\n
Swipe or scroll to reveal the full table. Click headings to sort.<\/p>\n<\/p>\n
Farm Pride Foods (ASX:FRM) fell after confirming that the Lethbridge facility in Victoria has tested positive for H7N7 avian influenza virus.<\/p>\n
The approximate number of hens lost represents about 30 per cent of the companys productive hen flock, it says.<\/p>\n
The full financial impact of this event is still being determined but is considered material.<\/p>\n
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The rest is here: Global investors were bracing for a rough earnings season, but most companies have so far surpassed much-lowered analyst expectations. Continue reading
\nASX Small Cap Lunch Wrap: Who's beating expectations today? - Stockhead<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"