2220 GMT - Analysts at Barrenjoey strike a positive tone on the 1H result from Aussie retail-industrial conglomerate Wesfarmers. They say Ebit is 2% ahead of consensus and that its retail units all performed modestly better than forecast. The company's chemicals, energy and fertilizer unit was well ahead of expectations. They add that Wesfarmers's comments on the outlook indicate relatively healthy retail performance, though possibly weaker earnings in the chemicals, energy and fertilizer business. Overall, "we think the shares consolidate recent gains today," the Barrenjoey analysts conclude. (mike.cherney@wsj.com; @Mike_Cherney)
(END) Dow Jones Newswires
February 19, 2025 17:21 ET (22:21 GMT)
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