Markets: CSL's nerves are catchy

Investors are tough to please this year as CSL, Leighton and STW Communications can prove. Their solid performance is being eclipsed by management's concern for the future.

Recording increasing profits or profits in line with earlier guidance isn’t enough to keep investors happy this reporting season. Management comments about future economic conditions are over ruling, pushing stocks into the red. Today, CSL Limited (CSL) Leighton Holdings and STW Communications can all attest to this.

In the case of CSL, despite posting a profit of $US1.216 billion, a 21 per cent increase on the previous year they have been pushed down over 3 per cent today.

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