Here are the headlines from the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) and Australian finance circles on Wednesday morning.
But first, here are the data points:
Australian Dollar ($A) (AUDUSD): 74.23 US cents
Dow Jones (DJI): up 0.8%
Oil (WTI): $US68.67 per barrel
Gold: $US1,225 per ounce
Australian Investing News
Making finance news, audio media and networking technology business Audinate Group Limited (ASX: AD8) filed its 2018 fourth quarter cash flow report with the ASX this morning.
Audinate said it exceeded the revenue and cash flow forecasts set in its prospectus, generating positive operating cash flow of $1 million in its 2018 financial year. The New South Wales based company plans to release its full-year results in August.
SomnoMed Limited (ASX: SOM), a company which creates devices to treat sleep apnoea and other breathing disorders, reported that it achieved 30% revenue growth in its 2018 financial year.
However, SomnoMed reaffirmed that it expects to report an operating loss (EBITDA) at the lower end of the range previously provided to the market, being $6.6 million to $7.4 million. SomnoMed plans to release its full year results in August.
Information and document management business Iron Mountain Inc (ASX: INM) (NYSE: IRM) declared a third-quarter dividend of $US0.5875 per share.
Finally, CSR Limited (ASX: CSR) confirmed that it may sell its Viridian glass business “in response to a number of queries”. CSR said it has not made a decision to sell Viridian but will assess its options in coming months.
