DDR -0.96%: the hardware & software wholesaler trended lower today on a trading update ahead of their half year results that was a mild disappointment. The company expects Profit Before Tax is expected to climb 7.1% on the half with revenue printing ~6.4% higher. The result comes despite a global chip shortage which constrained hardware supplies. There was a strong bounce back in Q2 which suggests there is momentum into the second half though the company declined to provide guidance given the uncertain outlook.
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Thursday 24th April – ASX +49pts, LTR, RMD, NEM
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Thursday 24th April – Dow +419pts, SPI up +13pts
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