Loading...
Loading...
Qantas Airways Ltd
QUBSF posted a drop in its first-half profit and also announced its plans to lower spending over the next two years.
Qantas' net profit for the period dropped to A$42 million, versus A$241 million, in the year-ago period. Its underlying pre-tax profit declined to A$202 million, versus the company's own forecast of A$140 million to A$190 million and analysts' estimates of A$170 million.
Qantas announced its plans to lower planned capital expenditure to A$2.3 billion in the current financial year, versus A$2.5 billion.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in