They said New Zealand companies were expected to fare better than their counterparts across the Tasman. With the New Zealand sharemarket trading at record levels there is little room for disappointment during the upcoming corporate reporting season and companies will be punished for any negative surprises, analysts say. Craigs expects defensive stocks including Sydney Airport and Auckland Airport, as well as cyclical favourite Freightways, to report solid results. Firms including Meridian Energy, Mighty River Power, Fletcher Building, Port of Tauranga and Sky City Entertainment will report full-year financial results this month. "On that basis we should expect an okay results season."

Source: New Zealand Herald August 07, 2016 16:52 UTC