Macquarie Equity Strategy - Reporting Season Update #2-Results delivering growth as expected - so far

Macquarie Equity Strategy - Reporting Season Update #2-Results delivering growth as expected - so far. 41 companies have reported profit results by COB 13 Feb, representing 17% of companies to report by number (35% by market cap) this Dec HY13/1H14. CPU, DMP, ANZ, CSL, SGH, CRZ, TCL, TLS & MIN have upgraded/maintained guidance while FOX, ASX, GFF, COH, PRY & SKE have lowered guidance /have big 2H. Dividends continue to be a positive surprise this reporting season with 12 out of 41 companies beating MRE's DPS forecast by >+5% (RIO, BKN, SGH, OZL & MCR).


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